|Bid||83.73 x 1300|
|Ask||83.76 x 800|
|Day's Range||83.60 - 84.64|
|52 Week Range||83.29 - 125.68|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||20.94|
|Forward Dividend & Yield||4.78 (5.73%)|
|1y Target Est||107.66|
Tesla Inc (TSLA.O) Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company's futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019. Incumbent truck makers are accelerating their electric truck projects toward launches that year, while Musk told investors in June production of the eye-catching Semi freight hauler should begin "basically (in the) first half of 2020" instead of 2019. Driven by regulatory pressure to cut diesel pollution, commercial truck makers have made a flurry of fresh announcements to deliver battery electric or hydrogen-fueled vehicles.
It’s a message of restraint Anheuser-Busch InBev SA/NV, the world's biggest brewer, should heed when it comes to its dividend. The company's $100 billion takeover of rival SABMiller Plc two years ago lifted net debt to $108 billion. Moody's Investors Service has already put its A3 rating for AB InBev on review for downgrade.
On October 17 in after-market hours, Constellation Brands (STZ) announced that Rob Sands will step down as CEO effective March 1, 2019. Bill Newlands, the company’s president and chief operating officer, will become the new CEO. Constellation Brands stock rose 0.5% in after-market hours yesterday.
Uber Technologies Inc., in its ongoing quest to move beyond its unprofitable business of connecting drivers with passengers, is adding a new tractor-trailer rental business to help big-rig truckers haul freight around the country. The San Francisco company is set to announce a new division called Powerloop that will connect small- and medium-sized carriers with fully filled trailers from businesses such as brewer Anheuser-Busch InBev SA. Uber has leased hundreds of trailers from an undisclosed company and is renting them to carriers for $25 a day, planning to profit from the difference. It may sound like a departure from Uber’s business of connecting urbanites with rides around town, but Uber says the technology behind its core app translates well to the shipping industry.
The increasing popularity of craft beer could prove to be an opportunity, rather than a threat, for Anheuser-Busch InBev (BUD). The company is now the biggest craft beer producer by volume in the U.S. following a number of acquisitions. Alongside its growth potential in craft beer, the company's marketing efforts have gained a boost from the World Cup and from a deal with the Major League Baseball Players Association.
Peter Franchot says Anheuser-Busch offering before University of Maryland's homecoming weekend was marketing binge drinking to college students
Climate change will brew trouble for beer lovers in coming decades as it shrinks yields of barley, the top grain used to make the world's most popular alcoholic drink, a study published on Monday said. Extreme weather events featuring both heat waves and droughts will occur as often as every two or three years in the second half of the century if temperatures rise at current rates, the study said. Average global barley yields during extreme events are expected to drop between 3 and 17 percent, depending on the conditions, said the study, published in the journal Nature Plants.
Some analysts see the company slashing its dividend so it can use the cash to pay down its $109 billion mountain of debt, much of which it took on for the blockbuster acquisition of SABMiller Plc in 2016. The decision by Moody’s Investors Service on Oct. 1 to place the company’s debt rating on review for a possible downgrade boosts the chances of a dividend cut, according to Paul Steegers of Bank of America Merrill Lynch, potentially when AB InBev releases earnings Oct. 25. “AB InBev’s debt sticks out like a sore thumb,” says Jonathan Fyfe, an analyst at Mirabaud Securities Ltd. who has a buy recommendation on the stock.
The message — which spread across social media — is the sort of sentiment craft beer purists would applaud. AB, after all, the maker of Budweiser and other macro-beers, has a stranglehold on retail shelves, is capable of driving market prices, has the buying power to access as much of the hop supply as it wants and — on top of that — has snapped up regional distributors and craft beer brands. Oregon, meanwhile, performed well at the Great American Beer Festival, taking home 22 medals — the third most of any state.
India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters. Search and seizure operations were conducted at dawn by the Competition Commission of India (CCI) at the offices of India's United Breweries (UBBW.NS), Denmark's Carlsberg (CARLb.CO) and the world's largest brewer Anheuser-Busch InBev (AB InBev) (ABI.BR) in at least two Indian cities, said the three people, including one government source and an industry source.
Stock in the brewer of Budweiser and Corona has gone flat in recent years. The stock price will need some time to improve, but it seems too low relative to the challenges the company faces. Read more in Barron’s Picks.
Verso, Anheuser-Busch, Alphabet, Amazon and Apple highlighted as Zacks Bull and Bear of the Day
Constellation Brands (STZ) delivered strong results for the second quarter of fiscal 2019, which ended on August 31, driven by the impressive performance of its beer portfolio in the key summer selling season. Constellation Brands stock surged 5.4% on October 4, the day second-quarter results were declared. Stocks of major alcoholic beverage peers Anheuser-Busch InBev (BUD), Molson Coors Brewing (TAP), and Brown-Forman (BF.B) are down 22.3%, 24.6%, and 7.84%, respectively, so far in 2018.
Anheuser-Busch InBev (BUD), Westpac Banking Corp. (WBK), Liberty Global PLC (LBTYK), and WPP PLC (WPP) have declined to their three-year lows. The prices of Anheuser-Busch InBev (BUD) shares have declined to $86.65 on Oct. 5, which is only 1.7% above the 3-year low of $85.14. Warning! GuruFocus has detected 4 Warning Signs with BUD.
Internet advertising has gone from an uncertain bet to serving as the primary platform for most companies’ marketing. While U.S. digital advertising has grown significantly, mobile advertising has been outpacing all other platforms.
The continued rise in craft beers — which Memphis has a lot of — are taking market share from some of the stalwarts of the U.S. beer industry.
Rating agencies are turning up the heat on companies that have not met commitments to reduce debt after making significant acquisitions by warning their ratings will be cut if they don't deliver. The development, which market participants say is a change in stance by the agencies, coincides with increased concern about rising leverage in the corporate bond market and a massive swell in the amount of Triple B rated debt. "Although rating agencies have generally been lenient toward the leverage added in these transactions, recent actions suggest they may be adopting a more stringent approach, which could be a source of significant volatility," said Barclays strategist Brad Rogoff in a note.