|Bid||77.50 x 800|
|Ask||0.00 x 800|
|Day's Range||78.06 - 78.87|
|52 Week Range||64.55 - 102.70|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||16.70|
|Forward Dividend & Yield||2.01 (2.58%)|
|1y Target Est||98.60|
The Belgium-based brewer, weighed down with some $100 billion net debt after its 2016 acquisition of rival SABMiller, has been selling assets and took its Asian business public this year to reduce debt and focus on other fast-growing markets. It hoped to close the sale of Carlton & United Breweries (CUB) to Asahi in the first quarter of 2020 and use the bulk of the proceeds to cut debt.
Sentera today announced a long-term partnership with Anheuser Busch InBev SA/NV (‘AB InBev’), under which Sentera will deliver critical enabling technology for AB InBev’s SmartBarley platform which helps growers improve their productivity and secure the supply chain of the 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.
Today we'll look at Anheuser-Busch InBev SA/NV (EBR:ABI) and reflect on its potential as an investment. Specifically...
NEW YORK/FRANKFURT (Reuters) - Anheuser-Busch InBev , the world's largest brewer, is exploring options for its packaging activities as it streamlines its portfolio and focuses on its core beverage business, sources close to the matter said. The company is working with Deutsche Bank on a deal for its U.S.-based canning activities which AB InBev inherited when it bought Anheuser Busch in 2008, the people said. Deutsche Bank has been hired to explore a sale of a minority stake or a joint venture for AB InBev's North American bottling and canning activities which could be worth $5-6 billion, one of the people said, adding that it was not aiming for an outright sale.
The next time you wash your dishes, you could find yourself up to your elbows in soap suds spiked with leftover alcohol, if the world's largest brewer and a environmentally friendly detergent firm have their way. Growing interest in alcohol-free lager, driven by demand for healthier drinks, had left Anheuser-Busch InBev with a problem - what to do with all the alcohol sucked out of its beer. "The brewery was asking us what can we do with the alcohol, because it's piling up, it's a large quantity, that's why we were looking for partners," AB InBev's innovation and technology director for Europe, David De Schutter, told Reuters.
The company additionally announced that cocktail enthusiasts in Arizona, Washington, Minnesota, Nevada, Maryland and the District of Columbia now have the opportunity to preorder the Drinkworks Home Bar by Keurig®, with fulfillment beginning in 2020. The Drinkworks Home Bar by Keurig is a first-of-its-kind system that combines innovation and user-centric design, making it easy for consumers to prepare a variety of freshly made, bar-quality cocktails at home with the touch of a button. The Drinkworks Home Bar by Keurig calculates the precise amount of water and carbonation needed for each proprietary Drinkworks pod to deliver an exceptional cocktail experience every time.
Today, beverage innovation company Drinkworks® and spirits and wine company Brown-Forman Corporation announced a partnership to develop signature cocktails for use in the Drinkworks Home Bar system. With the Brown-Forman and Drinkworks partnership, consumers will be able to enjoy their favorite cocktails made with their favorite brands.
(Bloomberg) -- In the four years since it was founded, Convoy Inc. has assembled a lineup of big-name investors that includes Bill Gates, Jeff Bezos and Marc Benioff. It’s adding one more to the list: Al Gore.The former U.S. vice president’s sustainability-focused investing fund, Generation Investment Management LLP, led a $400 million funding round for Convoy, which makes software to connect freight shippers with truck drivers. T. Rowe Price Group Inc. co-led the investment with Gore’s firm, Convoy said Wednesday. The deal values the startup at $2.75 billion.Convoy is often described as “Uber for trucking”—a moniker that took hold before Uber Technologies Inc. set up a competing business. Uber has committed to hire 2,000 people to expand freight operations in Chicago. Another rival business in the United Arab Emirates, Trukker, said Tuesday it received a $23 million investment led by a Saudi Arabian venture capital fund.A big part of Convoy’s pitch is that it can improve the trucking business by making it more efficient, both financially and environmentally. Transportation is the largest source of U.S. emissions today, and heavy-duty trucks represent about 13% of those emissions. Convoy’s service is designed to eliminate unnecessary driving by ensuring trucks can get loads on each trip. The business isn’t yet profitable, but Dan Lewis, the chief executive officer, has said it will be eventually.Customers include Procter & Gamble Co. and Anheuser-Busch InBev NV. Among the investors in the new funding round are Alphabet Inc.’s CapitalG, Baillie Gifford, Durable Capital Partners, Fidelity Investments and Lone Pine Capital. The new funds are expected to help the company accelerate its expansion and fend off competition from upstarts, as well as the likes of J.B. Hunt Transport Services Inc.\--With assistance from Dina Bass and Thomas Black.To contact the reporter on this story: Emily Chasan in New York at email@example.comTo contact the editors responsible for this story: Mark Milian at firstname.lastname@example.org, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AB InBev (BUD) agrees to buy the remaining stake in Craft Brew for $16.50 per share. The buyout is likely to strengthen AB InBev's position in the craft beer space.
BOSTON, Nov. 12, 2019 -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors and whistleblowers nationwide, informs investors that.
Chegg, C.H. Robinson Worldwide, Tilray, Anheuser-Busch InBev and Novartis highlighted as Zacks Bull and Bear of the Day
U.S. stock indexes hit new highs amid U.S.-China trade war progress. Quarterly earnings results, including Uber. The episode then closes with a look at why The Boston Beer Company (SAM) is a Zacks Rank 1 (Strong Buy) stock...
(Bloomberg) -- Alibaba Group Holding Ltd. is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say.China’s largest company is weighing its options for the city’s biggest first-time sale of stock since 2010, but the window for pulling off its mega deal in 2019 is closing fast. It can proceed with a required listing hearing -- either after its Nov. 1 earnings or Nov. 11 Singles’ Day shopping gala -- or risk postponing a deal altogether till 2020, people familiar with the matter say. Alibaba is reluctant to drag things out as uncertainty mounts around U.S.-Chinese tensions and the global macroeconomic outlook, they added, asking not to be identified talking about a sensitive matter.Alibaba’s listing was to be the crowning achievement of a Hong Kong stock exchange that lost many of China’s brightest technology stars to U.S. rivals. Instead, pro-democracy and anti-China protests erupted over the summer, rattling the financial hub and hammering mainland-related stocks. Billionaire Alibaba co-founder Jack Ma’s dream of listing closer to home -- a move that would have curried favor with Beijing and hedged against trade war risks -- risks back-firing without an offering.The company is now considering the week after its quarterly earnings release or the country’s largest online retail bonanza as the most likely openings, the people said. Alibaba’s looking to raising closer to $10 billion, about half of an original target, the people said. The company can capitalize on the strong recent reception for Hong Kong IPOs, with several companies including Anheuser-Busch InBev NV’s Asian unit raising $1 billion or more. Alibaba declined to comment in an email.It “is closer to home, and people are more familiar with its business here, so it could get a good valuation if it listed in Hong Kong,” said Julia Pan, a Shanghai-based analyst with UOB Kay Hian.Read more: Pitting Tencent Against Alibaba Could’ve Made 29% This YearAny decision however will hinge on investors’ reaction to its results, which are expected to underscore the e-commerce juggernaut’s slowest pace of revenue growth in about three years.Alibaba has already handed in all its documents and made a confidential filing. Informal feedback from investors show there’s keen interest, but Alibaba is in no rush to kick off the offering as political considerations take the upper hand now, the people said. One wrinkle: the local exchange requires companies to list within six months of filing, or reapply. The online emporium is said to have picked China International Capital Corp. and Credit Suisse Group AG as lead banks.A successful Hong Kong share sale could help finance a costly war of subsidies with Meituan Dianping in food delivery and travel, and divert investor cash from rivals like Meituan and WeChat-operator Tencent Holdings Ltd. It could put the capital to work investing in new technologies such as artificial intelligence or fast-expanding affiliates such as Ant Financial. Courting investors closer to home also serves as a buffer of sorts should U.S.-Chinese tensions worsen. Already, U.S. lawmakers such as Senator Marco Rubio are agitating for measures to curb investment flows to Chinese companies, including the extreme option of tossing U.S.-listed firms off American bourses.“Alibaba could use Hong Kong as a plan B for capital markets, and also deploy the capital to areas that need cash like cloud, Ant Financial and AI,” Pan said.Read more: White House Weighs Limits on U.S. Portfolio Flows Into ChinaBut should the company decide to plough ahead, it will likely have to contend with difficult questions from would-be investors.Alibaba -- which had roughly $57 billion of cash and equivalents as of June -- rode a national e-commerce boom that stemmed from an increasingly affluent middle class. But like arch-foe Tencent, it’s struggling to sustain growth as the world’s No. 2 economy slows, and China clashes with the U.S. over everything from trade and technology to investment.At home, signs of strain are growing. China’s gross domestic product growth is expected to slump below 6%, which would be the economy’s slowest pace of expansion in three decades. Alibaba is projected to post revenue growth of 37% in the September quarter.(Updates with analyst’s comment from the fifth paragraph)To contact the reporters on this story: Lulu Yilun Chen in Hong Kong at email@example.com;Manuel Baigorri in Hong Kong at firstname.lastname@example.org;Carol Zhong in Hong Kong at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, ;Fion Li at email@example.com, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
Alcohol-free beer is getting ever more popular. But that leaves brewers with a problem: what to do with all the booze removed from their beers? Now AB InBev thinks it's found a solution. It's teamed up with detergent maker Ecover to turn the leftover or 'rest' alcohol into washing-up liquid: David De Schutter is AB InBev's European head of innovation: (SOUNDBITE) (English) INBEV EUROPEAN INNOVATION AND TECHNICAL DEVELOPMENT DIRECTOR, DAVID DE SCHUTTER, SAYING: "In the beginning, when we were producing non-alcoholic beer, we had very little quantities of rest alcohol. So there was no real partners to find (to upcycle). But as those amounts were growing the brewery was asking us 'ok, what can we do with the alcohol, because it's piling up." The alcohol comes from AB InBev's Leffe and Jupiler brands. It makes up about a quarter of the resulting detergent. EcoVer developed the upcycling technique. Head of Innovation Tom Domen says there was one big problem: (SOUNDBITE) (English) ECOVER HEAD OF INNOVATION, TOM DOMEN, SAYING: "There's still a little bit of the beer smell that was in the alcohol. So this for us was also a challenge in, how can we mask that smell to make sure our product still smells nicely when you're doing your dishes. You don't want the kind of beer smell on your dishes." Now the brewer is finding other uses for its waste. About 1.3 million tonnes of leftover grains go the cattle industry for feed.