|Bid||93.01 x 800|
|Ask||93.02 x 2900|
|Day's range||92.75 - 93.32|
|52-week range||64.55 - 102.70|
|Beta (3Y monthly)||1.37|
|PE ratio (TTM)||25.08|
|Forward dividend & yield||2.03 (2.20%)|
|1y target est||104.89|
Monster Beverage (MNST) is facing headwinds related to higher freight costs and adverse currency. Nevertheless, its constant product launches and innovations may provide some respite.
AB InBev's (BUD) third-quarter sales are likely to reflect gains from improving trends in key markets and premiumization efforts. But currency woes and commodity cost inflation might hurt margins.
Molson Coors (TAP) gains from the solid brand portfolio and premiumization efforts as well as cost-saving initiatives and innovations. But soft beer demand and higher input costs remain deterrents.
Though summer has ended, our love for spiked seltzer has not. Boston Beer Co.'s President and CEO Dave Burwick joins The Final Round to discuss his expectations for the beverage industry now that spiked seltzer is here to stay.
Chinese sportswear manufacturer Topsports International Holdings Ltd has raised $1.01 billion after pricing its shares at HK$8.50 in a Hong Kong initial public offering (IPO), a term sheet for the deal showed on Thursday. It is due to start trading on Oct. 10, the term sheet showed. The sale is the latest test of investment sentiment in Hong Kong which has seen increasingly violent political protests.
AB InBev (BUD) gains from the solid brand portfolio and geographic reach, with strength in global brands that are aiding the top line. But currency headwinds and commodity cost inflation are deterrents.
The Zacks Analyst Blog Highlights: AbbVie, Starbucks, Phillips 66, Anheuser-Busch InBev and Square
Momentum in the beer business positions Constellation Brands (STZ) for solid top and bottom-line growth in second-quarter fiscal 2020.
A couple of hefty share listings in Europe and the return of AB InBev's Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations. Investors' nervous mood was highlighted in the third quarter by the cancellation of WeWork's planned $20 billion initial public offering in the United States, while a poor debut for fitness start-up Peleton has added to the gloom. Fund raising through stock markets globally is down by nearly 18% in the first three quarters of 2019 compared to the same period a year ago, its lowest since 2012, Refinitiv data showed.
Australia investment banking fees slumped 24% to three-year lows as global economic uncertainties drove M&A volumes down by a fifth so far in 2019, but bankers said record low interest rates and chances of more rate cuts have revived dealmaking prospects. Increased dealmaking activity in Australia will be welcome news for global banks as the country is the Asia-Pacific region's third-biggest investment banking fee generator after China and Japan.
AB InBev's Asia-Pacific unit, which raised about $5 billion after relaunching its IPO this month, rose more than 6% on its market debut in Hong Kong, easing concerns of the impact of ongoing anti-government protests on new share offerings. Budweiser Brewing Company APAC Ltd's initial public offering (IPO) was among a handful of recent floats seen as tests of investor sentiment amid protests that have roiled Hong Kong for nearly four months. Hong Kong as well as other regional markets more generally are also on edge amid a trade dispute between the United States and China, as well as slowing global economic growth.
Should investors consider buying shares of Constellation Brands (STZ) as we head into the release of its second quarter fiscal 2020 earnings results, due out on Thursday, October 3?
A Des Moines Register reporter is no longer employed by the paper after his past offensive social media posts were highlighted following his reporting on an Iowa man who turned a plea for beer money into a fundraiser for a children's hospital. The Register began investigating comments made by Calvin on Twitter after his story about casino security guard Carson King sparked outrage.