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Metcash Ltd (MTS) $3.47

MTS fell -3.1 % on Thursday as the defensive Consumer Staples Sector underperformed the index, but in this case, all of the fall was the stock trading ex-dividend 11c fully franked – MTS is forecast to yield ~6.3% over the next 12-months. We discussed the MTS result last week, concluding that we had turned more neutral on the stock following its 1H24 result. Hence, at this stage, we aren’t considering MTS for our Active Growth portfolio unless we see clear signs that the consumer will enjoy 2024 with interest rates set to decline.

  • We like MTS as a defensive, high-yielding play but aren’t considering increasing our 5% exposure – we currently hold the stock in our Active Income Portfolio.
MM is long for now, but more neutral on MTS following recent results
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Metcash Ltd (MTS)
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