|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||85.56 - 87.30|
|52 Week Range||56.32 - 92.71|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||23.06|
|Earnings Date||Oct 25, 2019|
|Forward Dividend & Yield||2.00 (2.32%)|
|1y Target Est||99.21|
Today we're going to take a look at the well-established Anheuser-Busch InBev SA/NV (EBR:ABI). The company's stock saw...
in an attempt to stamp out surveillance of European citizens. The European Commission is planning regulation that will give EU citizens explicit rights and limit “indiscriminate” use of facial recognition technology by companies and public authorities, senior officials told the FT.
The Braves' Triple-A affiliate has joined the list of baseball clubs finding marketing success by piggybacking the Braves in-game "Beat the Freeze" promo that became a surprise overnight hit in 2017.
When Akiyoshi Koji, the chief executive of Japan’s largest brewer Asahi, met Carlos Brito, his deal-addicted counterpart at Anheuser-Busch InBev , this year to express his interest personally in the Belgian ...
Millennial and Gen Z drinkers reveal they are ditching beer for hard seltzers like White Claw, because beer "makes them fat," according to a new survey.
(Bloomberg) -- Apple Inc.’s 13 billion-euro ($14.4 billion) battle with the European Union reaches the bloc’s courts next month in a hearing set to throw the spotlight on antitrust commissioner Margrethe Vestager’s crackdown on tax deals doled out to big companies.The EU’s General Court, its second-highest tribunal, will hear arguments in the challenges by the iPhone maker and Ireland over two days set for Sept. 17-18. The U.S. last year lost a bid to intervene in the case in support of Apple.The European Commission in August 2016 ordered Ireland to recoup the record sum plus interest, saying the world’s richest company was handed an unfair advantage. The EU decision reverberated across the Atlantic, triggering criticism from the U.S. Treasury that the EU was making itself a "supra-national tax authority" that could threaten global tax reform efforts.The Irish government said in an email it “profoundly disagrees” with the EU’s decision and “is engaging fully with the process and ensuring the best presentation of the state’s position.” The commission in Brussels declined to comment.Apple didn’t immediately respond to requests for comment.Appeals over tax cases have been piling up at the EU’s courts since 2015, when the commission issued its first orders against Luxembourg and the Netherlands to recoup unpaid taxes from a Fiat Chrysler Automobiles NV unit and Starbucks Corp. respectively.The court heard arguments in both cases last year with rulings yet to come. A first ruling in the series of decisions by EU antitrust chief Vestager ended in a setback in February for the EU when Belgium won a bid to overturn an order to recoup about 800 million euros from 35 companies, including Anheuser-Busch InBev NV.(Updates with EU response in fourth paragraph.)\--With assistance from Peter Flanagan.To contact the reporter on this story: Stephanie Bodoni in Luxembourg at email@example.comTo contact the editors responsible for this story: Anthony Aarons at firstname.lastname@example.org, Peter Chapman, Christopher ElserFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In the UK Carlsberg has publicly reversed out of a famous advertising claim of making “probably” the best beer in the world. It still has a great recipe for profitable brewing, even in flat European markets. Chief executive Cees ’t Hart has overseen a turnround at the Danish brewer since taking over in 2015.
Find out how much money it takes to land on the list of 10 of the wealthiest families in the world, and why nobody is really sure what it takes to be number one.
The Arizona beer industry is showing no signs of slowing down, and as the Valley and Maricopa County continues to grow, so does the thirst for local craft brews. The Business Journal breaks down the numbers behind the industry's surge in the past three years, and ranks the top 25 breweries.
Rite Aid, CBS, Viacom, BlackRock, Ford and Anheuser-Busch InBev are the companies to watch.
Are the corporate checkbooks opening back up for craft beer? Belgium-based Anheuser-Busch InBev, which spent 2013 to 2017 buying up craft brands with the same fervor of hop-hunters tallying up their Untappd badges, ended its acquisition abstinence this week with its purchase of Cleveland-based Platform Beer Co. for an undisclosed sum. The deal — Anheuser-Busch's first such purchase in Ohio — fills a regional hole for the mega brewer, whose North American headquarters are in St. Louis.
Assessing Anheuser-Busch InBev SA/NV's (EBR:ABI) performance as a company requires looking at more than just a years...
(Bloomberg Opinion) -- It was hard to imagine things getting worse for Kraft Heinz Co. than they did back in February, when the company dropped a cavalcade of bad news: It took a massive writedown, slashed its dividend and revealed an SEC subpoena related to an accounting investigation, all on top of reporting that profitability in the quarter had fallen short of expectations.That moment felt like it had to be rock bottom for a company that had been trying to cost-cut its way to earnings growth, per the typical playbook of one of its biggest shareholders, private equity firm 3G Capital. But Kraft Heinz’s latest results, released Thursday morning, made it clear the worst isn’t over. Kraft Heinz said organic sales fell 1.5% from a year earlier for the six months ended June 29, reflecting declines on this measure (which excludes the effects of currency fluctuations and M&A) in the U.S., its largest market. Cost inflation in everything from packaging to logistics, as well as promotional expenses, weighed on profit. Operating income declined 54.6% from a year earlier to $1.3 billion. Even more worrisome, the company also said it was pulling its full-year earnings and sales guidance, a move that suggests a real uncertainty about the company’s path to growth. That rightly spooked investors, who sent Kraft Heinz shares to all-time lows in morning trading. It all made for a not-so-warm welcome from Wall Street for new CEO Miguel Patricio, who was appointed in April, started in the role in July, and appeared on the company’s investor conference call for the first time Thursday. But he also didn’t help himself as much as he could have during the call, because he didn’t offer a particularly clear and specific vision for a turnaround. When an analyst asked about potentially selling off weak brands, he said that question “is not on the table” right now. I can see how that wasn’t a reassuring answer for investors, who see obvious benefits in unloading troubled assets.When asked about how he was going to improve top-line growth and boost sales, Patricio mentioned Hispanic consumers as an example of a demographic group Kraft Heinz wasn’t doing a great job of courting. He also spoke about a need to revamp its marketing. But again, this was broad-brush strokes, not details.I realize a fully formed comeback plan may be a tall order for an executive who has only been in the job 40 days. But when the turnaround effort at hand is going to be as heavy a lift as this one, I understand why investors weren’t comforted by a general outline.That said, there were a few positives in some of Patricio’s Thursday remarks. In particular, I was heartened by his answer when an analyst asked him about how his previous experience as an executive at beer giant Anheuser-Busch InBev (another 3G holding) would shape his approach at Kraft Heinz.He mentioned AB InBev’s success at using “premiumization” – or making more upscale products that would appeal to craft beer devotees – to increase sales. He noted that in the packaged food industry, premiumization has largely been driven by upstarts. He’s right about that, and I agree it’s a major opportunity for Kraft Heinz. I wrote just last week about how Procter & Gamble Co., another consumer-goods giant, has returned to health in part by focusing on more high-end products that warrant higher price tags. I think Kraft Heinz could reap similar benefits if it pursued a similar approach.After Thursday’s results, Patricio’s turnaround task looks as hard as ever, and there is no time to waste. He said shareholders would see the results of a full strategic review by early next year. Too bad a bunch of investors decided not to stick around and wait for it.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Brazilian newspaper Estado de S. Paulo earlier reported that Antonio Palocci, a jailed former finance minister, had said in plea bargain testimony that the company made the payments to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff. Palocci said he also received payments from the firm, according to the newspaper, which said it was the first time that Ambev, the Latin American and Canadian subsidiary of Anheuser Busch Inbev NV, has been caught up in the multi-year corruption probe known as Operation Car Wash.
A jailed former finance minister in Brazil has said in plea bargain testimony that beverage giant Ambev SA made "inappropriate payments" to former presidents Luiz Inácio Lula da Silva and Dilma Rousseff, according to a newspaper report. Brazilian newspaper Estado de S. Paulo, citing confidential court documents, said former Finance Minister Antonio Palocci told federal police he also personally received payments from the company that he said were aimed at preventing an increase in beverage taxes.
In a market that has been subject to volatility recently, investors are looking for stocks that can ride the wave. Consumer staples are often seen as defensible stocks as people always need to buy food and beverages regardless of the economic climate. The consumer staples segment of the S&P 500 is up 18% year-to-date, and analysts are claiming that the industry might be heating up once again with three stocks receiving an upgrade from trusted analysts. While the rest of the Street takes a less bullish stance on these companies, each has an analyst in its corner. Here's why. Dunkin’ Brands (DNKN)Following the news of its upgrade on August 7, DNKN shares gained 2%. The stock is up 26% year-to-date, with Argus Research claiming more gains are on the way.“We remain optimistic about Dunkin's strong franchise program, established brands, and opportunities to expand into new sales channels and geographic regions. We expect higher comps and accelerated store openings at Dunkin' Donuts U.S. to be driven by a range of factors, including drive-thru lines dedicated to mobile orders, brighter interior designs, espresso machines, digital order boards, and a tap system serving coffee, iced tea and cold brew,” analyst John Staszak said. He upgraded his rating from a Hold to a Buy and set a $92 price target, suggesting 14% upside potential.DNKN has made substantial efforts to revamp its locations during the quarter. It added 46 new restaurants in the U.S., as well as an additional 109 international Dunkin’ and Baskin-Robbins locations. Dunkin’ also launched the multi-tender feature in its app that lets customers earn rewards points for their purchases. The feature has already seen promising results, with CEO and President David Hoffmann saying, “The effort is driving incremental active enrollments with no material impact to margin. On-the-go ordering saw average weekly sales increase by over 30% year-over-year and made up 4% of total transactions in Q2.”The company reported on August 1 that it beat consensus estimates for second quarter earnings. Adjusted EPS reached $0.86 vs the Street’s $0.82 estimate. This is up from $0.77 in the prior-year quarter. Revenue was also up 2.5% from the year-ago quarter reaching $359 million. The earnings beat follows DNKN's announcement on July 24 that it will start selling a breakfast sandwich with Beyond Meat’s (BYND) vegan sausage. Wedbush analyst, Nick Setyan, agrees that these factors will drive sustainable long-term growth. On August 2, he reiterated his Buy rating and $92 price target, implying 14% upside. The Street has taken a more cautious stance on DNKN. It has a ‘Hold’ analyst consensus and an average price target of $81, suggesting 0.3% downside. Boston Beer Company, Inc. (SAM) Despite slowing sales throughout the industry, Boston Beer has seen an impressive rally, with shares up 64% year-to-date. The Brewers Association reported that the beer industry growth rate reached its lowest level in a decade, with year-to-year growth dropping to 4% in 2018, a decline of 1% from 2017. On July 25, the company reported better than expected second quarter earnings. Its revenue reached $318 million, up almost 17% from the prior-year quarter. EPS came in at $2.34 well ahead of the $1.83 consensus estimate. Management highlighted its Truly Hard Seltzer brand, along with Twisted Tea as the reasons for its sales growth even with its flagship Samuel Adams sales declining. This follows the good news investors received on July 3 that SAM had finalized its $300 million merger with Dogfish Head Craft Brewery. The company believes Dogfish Head can contribute about 3% to 4% in annual shipments and depletions growth as well as between $50 and $60 million in net revenues at a gross margin of 50%. Macquarie analyst, Caroline Levy, believes that the company’s portfolio has strong momentum. On August 7, she upgraded SAM to a Buy and raised her price target from $420 to $460, suggesting 17% upside. “SAM is the only public company that generates a high percentage of sales in hard seltzer (about 30%), which is growing over 100% and which we expect will continue to take share from mainstream beer due to its low-cal profile and adaptability to many flavors,” Levy said. Shares gained over 1% after the ratings boost. Another top analyst, Laurent Grandet, agrees that there’s more upside to be had. On July 26, the Guggenheim analyst reiterated his Buy rating and raised the price target from $421 to $449, indicating 14% upside. “Management raised its EPS guidance to reflect the addition of Dogfish Head, which we continue to think is conservative. We remain positive on Boston Beer given the strong growth outlook thanks to Truly, Twisted Tea, Dogfish Head, and other new innovations,” he said. Grandet has an 82% success rate and gets an average return of 15% per rating. Other analysts take less of a bullish approach. SAM has a ‘Hold’ analyst consensus and a $373 average price target, implying 5% downside. Anheuser-Busch Inbev Sa (BUD)The last consumer staples stock on our list pleasantly surprised investors last quarter. On July 25, the company posted its first earnings beat in the last four quarters. Normalized EPS was up 15% from the prior-year quarter at $1.25, surpassing the $1.13 consensus estimate. Management points to improved market trends as the driving force behind this growth. Its sales also exceeded estimates for the third straight quarter despite the beer industry’s general slowing. More good news followed on August 7 when BUD announced that it had acquired one of the fastest growing regional breweries in the U.S., Cleveland-based Platform Beer Company. This is the latest in a series of investments the company has made to expand its product offerings and grow its reach. BUD has invested over $130 million in the last three years to accomplish this goal. All this has led some analysts to believe that BUD has the momentum to outperform its competitors in the space. Merrill Lynch analyst, Fernando Ferreira, is one such analyst. On July 29, he upgraded the stock to a Buy and raised the price target from €87 to €107. “The cycle of downward earnings revisions is coming to an end. We believe the company will continue to outperform the consumer staples group,” he said. Shares gained about 1.4% after it was upgraded. On July 25, Laurent Grandet also reiterated his Buy rating and raised the price target from $103 to $114, suggesting 16% upside. The analyst sees potential being derived from BUD’s encouraging volume trend in the long-term. The Street is more optimistic about this consumer staple. It has a ‘Moderate Buy’ analyst consensus and a $102 average price target, implying 4% upside potential. See price targets and analyst ratings on TipRanks
(Bloomberg) -- Carlsberg A/S surged the most in a decade after the Danish brewer raised its full-year earnings outlook, helped by demand for its pricier craft beers.Following an initial focus on cutting costs, Chief Executive Officer Cees ’t Hart is switching gears to drive more revenue from more exclusive beer brands such as Grimbergen. The shares rose as much as 12% Thursday in Copenhagen, their biggest intraday gain since 2009. Budweiser maker Anheuser-Busch InBev NV gained as much as 2.3%.Read this: ‘More Dependable’ Carlsberg Gaining Analyst FavorAs demand for mass-market lagers slows in the developed world, Carlsberg has sought more growth from its specialty and craft division that includes London Fields brews, acquired two years ago, and Jacobsen ales. Investments in countries such as Cambodia have also brought more control over sales and marketing in emerging markets.The strategy is working: the company said it now sees organic operating profit rising at a high single-digit percentage rate, after previously forecasting growth in the mid-single-digits. Carlsberg joins AB InBev in reporting a positive performance, in contrast to rival Heineken NV, which lagged behind in the most recent period.What Bloomberg Intelligence Says“The strategy focusing on premium and craft brews continues to deliver improved volume and earnings, despite Europe’s poor early summer weather.”\-- Duncan Fox, consumer products analystClick here to read the pieceCarlsberg has increased its profit forecast at least once in each year since 2016, the year after the start of ‘t Hart’s tenure. The company said it will report first-half results on Aug. 15.(Updates with forecast history in final paragraph)To contact the reporter on this story: Thomas Buckley in London at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.