|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||73.94 - 74.89|
|52 Week Range||56.32 - 91.14|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||21.59|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||2.00 (2.52%)|
|1y Target Est||99.21|
The company, the world’s biggest brewer, must pay 200 million euros ($224 million) for market power abuse. The ruling, however, only scratches the surface of a major issue with Europe’s single market: its inability to ensure price convergence. The AB InBev case, which the commission began investigating in 2016, is relatively straightforward. In Belgium, the company’s Jupiler beer accounts for about 40 percent of all beer sales by volume. AB InBev was able to charge a higher price there than across the border in the Netherlands, where the beer market is more competitive.
Balyasny Asset Management is a Chicago-based multi-strategy hedge fund that was launched by Dmitry Balyasny and Scott Schroeder back in 2001. After so many years of existence and prosperity, the fund now offers additional offices in New York, Singapore, London, and Hong Kong. It had around $12.7 billion in assets under management in March 2017. […]
WellBeing Brewing Company teams up with St. Louis startup Buoy to produce an electrolyte and vitamin-infused, non-alcoholic craft beer
BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc have been brought on as joint bookrunners for the planned Hong Kong IPO, according to the people, who asked not to be identified because the information is private. AB InBev is targeting a July listing for the business in a deal that could raise at least $5 billion, Bloomberg News reported last week.
Anheuser-Busch has wrapped up work on a large solar energy project that will help power a brewery in central New York state. The 2.76-megawatt solar farm will produce enough energy to brew more than 3 million cases of beer. St. Louis-based Anheuser-Busch, part of Belgium-based AB Inbev, will be the sole recipient of the power generated at the facility, which is 6 miles (10 kilometers) from the company's brewery in Baldwinsville, near Syracuse.New York state kicked in $1.1 million in incentives to support the project.
By acquiring Delaware craft brewer Dogfish Head for $300 million, Boston Beer won more than just growth. Perhaps, it's found a successor.
For Volkswagen AG, Thyssenkrupp AG and Anheuser-Busch InBev NV, those are no obstacles to planning massive IPOs. All three companies have announced stock offerings in the past week for businesses with valuations in the tens of billions of dollars. Executives are betting that the market turmoil will have calmed down, and investors will have forgotten Uber Technologies Inc.’s disastrous IPO, by the time they’re ready to price those sales.
The following are the top stories on the business pages of British newspapers. Metro Bank may attract a new investor to take a large stake in the company as it battles to raise £350 million ($453.36 million) to shore up its balance sheet after a damaging accounting error. Honda Motor Co Ltd has confirmed it will close its Swindon factory in 2021, ending any hopes that the jobs of 3,500 employees can be saved.
Budweiser Brewing Company APAC Ltd. filed on Friday to sell shares in Hong Kong, in what may be the city’s biggest initial public offering of the year. AB InBev is targeting a July listing for the unit that could raise at least $5 billion, Crystal Tse and Daniela Wei of Bloomberg News reported, citing people familiar with the matter. Partakers will get a share of a business that has a lock on the most lucrative segment of the world’s biggest beer market, China, as well as ranking first in its next two biggest markets: Australia and South Korea.
The top beer stocks have a market cap exceeding $2 billion and are trading on leading American stock exchanges. Here are the top beer stocks of 2018.
Wild Sun Winery in Hillsboro is partnering with St. Louis-based Brew Hub Taproom to break into Missouri's craft beer industry.
Convoy, a freight-matching and supply chain solutions technology company, has been named Anheuser-Busch's (NYSE: BUD) Non-Asset Carrier of the Year. While Convoy's technology platform and data provide a strong foundation that equips us to make better decisions, it's the level of service, outstanding performance and the tailored programs that have earned Convoy a deep level of trust that has taken our partnership far beyond a tech platform," said Anheuser-Busch's Vice President of Sustainability [and Logistics] Procurement. Convoy is one of Anheuser-Busch's largest over-the-road carriers of either brokerage or asset carriers.
Brussels has fined Anheuser-Busch InBev, the world’s biggest brewer, €200m for abusing its dominance in the Belgian beer market to keep prices elevated for the country’s popular Jupiler beer brand. Margrethe Vestager, EU competition commissioner, said: “Consumers in Belgium have been paying more for their favourite beer because of AB InBev’s deliberate strategy to restrict cross-border sales between the Netherlands and Belgium.
Anheuser-Busch InBev, the world's largest brewer, was hit with an EU antitrust fine of 200 million euros (172.6 million pounds) on Monday for preventing cheaper beer imports from the Netherlands into Belgium. The European Commission decision came after a three-year investigation into the brewer's most popular brand in Belgium, Jupiler, which has a 40 percent market share. "Consumers in Belgium have been paying more for their favourite beer because of AB InBev's deliberate strategy to restrict cross border sales between the Netherlands and Belgium," EU Competition Commissioner Margrethe Vestager said.
BRUSSELS (AP) — European Union anti-trust regulators are fining AB Inbev, the world's biggest brewer, more than 200 million euros ($225 million) for abusing its dominant position in the Belgian beer market.
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch on Friday, May 10, 2019.
Beer investors woke up to a busy Friday morning as Boston Beer Company Inc (NYSE: SAM ) bought rival brewer Dogfish Head and Anheuser Busch Inbev NV (NYSE: BUD ) is reportedly looking to spin its Asian ...
Anheuser-Busch InBev filed to list a minority stake in its Asia business, in what is likely to be one of the biggest floats in Hong Kong’s history, as the company tries to chip away at $102.5bn of debt. According to people close to the deal, the group is looking to float a 15 per cent stake in Budweiser Brewing Company APAC, part of the AB InBev group and the largest beer company in Asia Pacific by sales value. According to Jefferies’ analysts, the company is worth about $40bn, meaning the initial public offering is likely to raise $6bn.
The Belgian brewer said Friday that it has applied to the Hong Kong stock exchange to sell shares in the unit, with JPMorgan Chase & Co. and Morgan Stanley leading the offering as joint sponsors. Bank of America Corp. and Deutsche Bank AG have also joined the deal as joint global coordinators, the people said, asking not to be identified because the information is private.
The world's biggest brewer, Anheuser-Busch InBev, filed plans on Friday to spin off its Asian business via a Hong Kong initial public offering, in a deal which two sources with knowledge of the matter said could be worth at least $5 billion. The brewer said the IPO of Budweiser Brewing Company APAC Ltd would involve a minority stake and that it would continue to maintain a significant holding in the listed entity. No details of pricing, timing or deal size were given in the filing.
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch.