Tate & Lyle Announces Change in Voting Rights by Black Creek

Tate & Lyle ( (GB:TATE) ) has shared an announcement.

Tate & Lyle PLC has announced a change in the voting rights held by Black Creek Investment Management Inc., a Canadian investment management company. The notification indicates that Black Creek’s voting rights have decreased slightly from 3.024979% to 2.992493%, involving shares beneficially owned by 12 separate funds and clients. This adjustment in holdings does not affect any single fund or client reaching the 3% threshold, and Black Creek retains the discretion to exercise voting rights for the shares held.

Spark’s Take on GB:TATE Stock

According to Spark, TipRanks’ AI Analyst, GB:TATE is a Outperform.

Tate & Lyle scores well due to its strong financial health, solid valuation, and positive corporate events, reflecting confidence in future prospects. However, declining revenue and mixed technical indicators suggest caution in the near term. The successful integration of CP Kelco and strategic initiatives further enhance its outlook.

To see Spark’s full report on GB:TATE stock, click here.

More about Tate & Lyle

Tate & Lyle PLC is a UK-based company operating in the food and beverage industry, primarily known for producing ingredients and solutions such as sweeteners, texturants, and other specialty food ingredients. The company focuses on providing innovative solutions to enhance the taste, texture, and nutritional value of food and beverages.

YTD Price Performance: -16.17%

Average Trading Volume: 1,295,165

Technical Sentiment Signal: Buy

Current Market Cap: £2.41B

See more data about TATE stock on TipRanks’ Stock Analysis page.