|Bid||0.00 x 800|
|Ask||66.38 x 800|
|Day's range||66.25 - 67.73|
|52-week range||66.25 - 102.70|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||14.06|
|Forward dividend & yield||2.01 (3.00%)|
|Ex-dividend date||18 Nov 2019|
|1y target est||N/A|
In a busy day for earnings announcements, investors will be paying close attention to reports from big box retailer Best Buy and Beyond Meat
AB InBev's (BUD) Q4 results might reflect strength in global brands and the benefits of ongoing premiumization efforts. Soft beer demand and cost inflation are likely to have hurt performance.
A tribunal in New Delhi has put on hold a sales ban imposed last year on Anheuser-Busch InBev, an order seen by Reuters showed, allowing the world's largest brewer to resume sales of its beer products in the city for now. Authorities in New Delhi barred AB InBev in July from selling its beer products for three years over allegations related to the evasion of state taxes, which the company had denied. The company's appeal against the ban was rejected in December by a judge of the Delhi High Court, who directed AB InBev to approach the city tribunal for further relief.
Tennenbaum will also join the executive committee of the company that makes Budweiser, Corona and Stella Artois. Dutra, who was CFO for almost 15 years, will remain with the company during a transition period, the company said.
Altria's (MO) fourth-quarter 2019 results reflect gains from strong pricing. Revenues improve in the smokeless products unit but decline in the smokeable products unit.
Brazilian beverages company Ambev SA has set an ambitious target of eliminating plastic pollution in its packaging by 2025, in a push that an executive said on Monday has the potential to generate approximately 1 billion reais ($239.09 million) in business. Latin America's largest brewer is partnering with stakeholders, including suppliers, recycling cooperatives, startups and universities to have all its beverages either in returnable packaging or made of 100% recycled material. "Today 40% of our beers already use returnable packaging, but as we made progress our dream got bigger and we decided to end plastic pollution in our packaging," Ambev's vice-president of sustainability and supply chain, Rodrigo Figueiredo, said in an interview.
An Indian court dismissed Anheuser-Busch InBev's appeal against a New Delhi city sales ban on Thursday, a blow to the world's largest brewer in one of its key market. Authorities in New Delhi barred AB InBev in July from selling its beer for three years over allegations of evading state taxes, which the company has denied. The Delhi city government's Commissioner of Excise later reduced the ban to 18 months.
Efforts to revive Samuel brand, robust depletion and shipment growth along with the three-point growth plan are likely to keep Boston Beer's (SAM) solid show on.
It hoped to close the sale of Carlton & United Breweries (CUB) to Asahi in the first quarter of 2020. It also said Asahi may act as a competitive constraint on the two largest beer brewers - CUB and Lion - and has "the potential to be an even bigger threat in future".
Boston Beer (SAM) witnesses robust depletion and shipments owing to innovations, quality of products and strong brands. These have been aiding its quarterly performance.
The world's biggest brewer has a debt pile to match: around 100 billion dollars of it. But AB InBev's plans to pay down some of that by selling its Australia operations to Asahi may be in jeopardy. Australian regulators say a new combined entity would control two thirds of the local cider market. And could also raise competition concerns in the beer market there. AB's debt mountain stems largely from buying out rival SABMiller in 2016. The Belgian giant has been selling assets and took its Asian business public this year to raise funds. And hoped to close the 11 billion dollar sale of its Carlton & United Breweries arm in Australia in the first quarter of 2020. The deal would turn Japan's Asahi into the world number 3 - behind AB and Heineken. Regulators though say they won't make a final decision until March - one analyst told Reuters the deal's unlikely to get passed. The news left shares in both parties down over a per cent in early trading on Thursday (December 12).