Mon, Jun. 6, 5:09 AM
- Global alcohol makers are bracing for a potentially precedent-setting court decision in Scotland over whether the country will become the first to implement a floor on alcohol prices - a move the industry feels could unleash an international wave of regulation.
- After years of the case bouncing around the legal system, the Court of Session will hold a hearing on minimum unit pricing tomorrow and is expected to make a decision by August.
- Related tickers: BUD, DEO, ABEV, SAM, BORN, CCU, STZ, TAP, VCO, BF.A, BF.B
Wed, May 4, 2:06 AM
Thu, Feb. 25, 1:50 AM
Nov. 11, 2015, 11:07 AM
- There are some gentle gains across the beer sector after Anheuser-Busch InBev (BUD +1.1%) and SABMiller (OTCPK:SBMRY +2.2%) formalize their merger plan.
- Heineken (OTCQX:HEINY +1.6%), Molson Coors (TAP +0.7%), Ambev (ABEV +0.9%), Carlsberg (OTCPK:CABGY +5.9%), Craft Brew Alliance (BREW +1.8%), and Boston Beer (SAM +0.2%) are showing increases of varying degrees.
- Most analysts think the beer giants will make the necessary concessions to appease regulators in the U.S. and China. On SA, Chris DeMuth says the deal will extend the reach of the best operators in the business.
- Molson Coors in particular is widely identified as a winner in the deal through its pickup of a full stake in MillerCoors. Still to play out is what beer company makes a bid for SABMiller's position in CR Snow in China. China Resources Beer Holdings (OTCPK:CRHKY, OTC:CRHKF) is the 51% owner of the alluring JV.
- Previously: Molson Coors sees huge synergies down the road from MillerCoors deal (Nov. 11 2015)
- Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
Oct. 30, 2015, 6:01 AM
- Ambev (NYSE:ABEV): Q3 EPS of R$0.19
- Revenue of R$10.75B (+24.7% Y/Y)
Sep. 16, 2015, 11:01 AM
- A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
- There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
- Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
- A-B InBev statement (.pdf)
- Previously: AB InBev prepping offer for SABMiller
- Previously: Beer stock rally with M&A on tap
Jul. 30, 2015, 4:06 AM
- Ambev (NYSE:ABEV): Q2 EPS of R$0.17
- Revenue of R$9.91B (+21.1% Y/Y)
Jul. 14, 2015, 3:36 PM
Jul. 7, 2015, 2:04 PM
- Continuing its efforts to grow its premium brand exposure, Ambev (ABEV -2.2%) has bought Colorado, a brewer based in Brazil's Sao Paulo state.
- Colorado exports its beers to the U.S. and France, and had 2014 revenue of R$19M ($6M). The deal follows Ambev's February acquisition of Brazilian craft brewer Wäls, and its May acquisition of top Colombian craft brewer Bogotá Beer Company.
May 6, 2015, 6:10 AM
- Ambev (NYSE:ABEV): Q1 EPS of R$0.18.
- Revenue of R$10.77B (+19.0% Y/Y).
Apr. 24, 2015, 11:01 AM
- Continuing details on numerous corruption scandals, sluggish economic growth, and credit downgrades are garnering most of the headlines out of Brazil, but the Bovespa's 2.1% gain today has that index higher by 21% since a late-January bottom.
- A 70% gain in Petrobas over the last month and 25% for Vale lead the way. The banks are also on the move, though less subdued: Banco Santander Brasil (NYSE:BSBR) and Itau Unibanco (NYSE:ITUB) are up 13% and 16%, respectively. Banco Bradesco (NYSE:BBD) - recently the subject of a Goldman downgrade - is off 6% over the last month and 19% YTD.
- The iShares MSCI Brazil ETF (NYSEARCA:EWZ) has lagged - its top three holdings are Itau Unibanco, Ambev (NYSE:ABEV), and Banco Bradesco. The ETF is flat YTD, though higher by 15% over the last month.
- ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
Feb. 26, 2015, 3:52 AM
- Ambev (NYSE:ABEV): Q4 EPS of R$0.29
- Revenue of R$12.23B (+9.9% Y/Y)
Dec. 18, 2014, 5:39 PM
Nov. 3, 2014, 5:38 PM
Oct. 31, 2014, 6:11 AM
- Ambev (NYSE:ABEV): Q3 EPS of R$0.18
- Revenue of R$8.62B (+0.9% Y/Y)
Aug. 1, 2014, 11:22 AM
- Morgan Stanley removes Petrobras (PBR -1.4%) from its newest focus list of 10 high-conviction stocks in Latin America, believing the market has priced in too much optimism for political change.
- The firm says its recent survey suggests both the stock and the Bovespa index are pricing in a 52% chance of macro policy change, so the risk/reward of the stock is similar to the market benchmark - i.e., no relative performance leverage to the upside.
- Stocks on the list include Gerdau (NYSE:GGB),Grupo Televisa (NYSE:TV), Ambev (NYSE:ABEV), Embraer (NYSE:ERJ), Cemex (NYSE:CX) and Copa Holdings (NYSE:CPA).
Ambev SA engages in the production, distribution and sale of beverages. It offers beer under the brand names Skol, Brahma, Antarctica, Bohemia, Original, Quilmes, PaceÃ±a, Pilsen, Labatt Blue, Alexander Keith's, Kokanee, and GuaranÃ¡ Antarctica; and carbonated soft drinks, other non-alcoholic... More
Sector: Consumer Goods
Industry: Beverages - Brewers
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