Better Stock Split Stock: Walmart vs. Chipotle Mexican Grill
Stock split fever is gripping the market again. Several high-profile companies have split their shares over the past few years, and after a short lull, Stock splits are back in fashion. (NYSE: WMT) split its stock in February on a 3-for-1 split, and Chipotle Mexican Grill (NYSE: CMG) made a stunning announcement last week that it's splitting its stock in a 50-for-1 split, one of the largest splits ever.
Investors love stock splits, and both of these stocks got a boost after their announcements. But which one is the better buy?
Both Walmart and Chipotle gave similar reasons for splitting their stocks at this time. Walmart CEO Doug McMillon said, "Sam Walton believed it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates." He said that now was the right to encourage employee participation, given the company's growth plans.
Source Fool.com
Walmart Inc. Stock
With 49 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 56.21 € the target price of 165 € shows a potential of 193.54% for Walmart Inc. which would more than double the current price.
