Wed, Jul. 20, 1:26 PM
- Beer stocks have moved higher as the day progresses with a crucial board meeting ongoing at SABMiller (OTCPK:SBMRY +0.3%) which could have significant implications for the company's merger with Anheuser-Busch InBev (BUD +2.8%).
- The sector spiked higher in the last 20 minutes after a new report from CNBC indicated that A-B InBev landed U.S. approval for the massive MegaBrew deal.
- Molson Coors (TAP +0.7%) and Constellation Brands (STZ +1%) are notably higher off the beer buzz.
Wed, Jul. 20, 9:32 AM
- SABMiller (OTCPK:SBMRY) may ask for a new offer from Anheuser-Busch InBev (NYSE:BUD), a source tells Reuters.
- Institutional investors are grumpy after the recent sharp decline in the pound turned around the value of their cash-out alternatives, although it's likely the board will wait for more regulatory hurdles to be cleared before going back to A-B.
- A SABMiller board meeting is underway today just ahead of tomorrow's annual meeting.
- SABMiller trades about 4% below its post-buyout high.
Tue, Jul. 19, 10:50 AM
- Anheuser-Busch InBev (BUD -1%) is lower ahead of SABMiller's highly-anticipated annual meeting scheduled for Thursday.
- The meeting takes on added significance with more reports out indicating that new activist investors may push the company to seek a better deal out of Anheuser-Busch. They could face some resistance from large stakeholders Altria (NYSE:MO) and the Santo Domingo family which are in line for a more favorable "partial share alternative" in the merger due to the recent drop in the pound and gain in BUD's share price.
Tue, Jul. 12, 3:42 PM
- The Beer Institute announced a new initiative in which participating members of the trade group will disclose the amount of calories, carbohydrates, fat, and protein in beer products. The sellers involved represent around 81% of all beer sales.
- Brewers are expected to update their labels by the end of 2020.
- Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
Wed, Jul. 6, 7:12 AM| Wed, Jul. 6, 7:12 AM
Wed, Jul. 6, 2:44 AM
- Consolidating its lead in the world's largest beer market, China Resources Beer (OTCPK:CRHKY) plans to to raise HK$9.51B ($1.2B) via a deeply discounted rights offer to part-fund the purchase of SABMiller's (OTCPK:SBMRY) holdings in their joint venture.
- The maker of the world's best-selling Snow brand beer agreed in March to buy the stake for $1.6B, smoothing the way for a takeover of its partner by AB InBev (NYSE:BUD).
Thu, Jun. 30, 8:11 AM
- The European Commission is investigating whether AB InBev (NYSE:BUD) has been illegally blocking cheaper imports of its own beer into the Belgian market.
- The probe underlines the competition authority's crackdown against companies seeking to prevent "parallel trade," in which cheaper products in one country are transported for sale in another.
Thu, Jun. 30, 6:40 AM
- AB InBev's (NYSE:BUD) roughly $108B takeover of SABMiller (OTCPK:SBMRY) has been cleared by South Africa’s Competition Tribunal, leaving only two more approvals before the deal can close.
- To appease U.S. and Chinese regulators, AB InBev has agreed to sell SABMiller's interest in MillerCoors to Molson Coors (NYSE:TAP) and CR Snow to China Resources Beer Holdings (OTCPK:CRHKY).
Wed, Jun. 22, 1:02 PM
- Anheuser-Busch InBev (BUD +0.5%) says it will unload Distell Group faster than planned in order to help smooth a path with regulators in South Africa evaluating the SABMiller (OTCPK:SBMRY) acquisition.
- A Competition Tribunal hearing in South Africa over the deal is ongoing with testimony from a key union expected later this week.
- Shares of A-B are up 16% since hitting a 2016 low in February.
Fri, Jun. 17, 3:07 PM
- Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
- The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
- K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
- In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
- General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
- Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
- Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
- Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
- Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
Thu, Jun. 16, 11:50 AM
- The latest report from the USDA indicates that farmers in the U.S. expect to harvest 51,115 acres of hops this year, up 17% from last year's production.
- An abundance of hops is beneficial to price-sensitive smaller craft brewers, particularly those heavy with IPA beers. Larger beer companies can also benefit with future contract pricing if the hop supply stays stable.
- Beer sales rose 0.2% in the U.S. last year, led into positive territory by a 13% gain in craft beer sales.
- Full USDA report
- Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
Thu, Jun. 9, 3:48 AM
- MegaBrew is getting closer to a reality as AB InBev (NYSE:BUD) nears Chinese approval for its $107B takeover of SABMiller (OTCPK:SBMRY).
- As part of the tie-up, the companies have agreed to divest the maker of Snow beer, the world's top-selling brand.
- Approvals for both transactions could come as soon as this month, clearing one of the final hurdles for the largest beer deal in history.
Tue, Jun. 7, 12:18 PM
- Anheuser-Busch InBev (BUD +0.5%) sweetened its offer to South African union workers in an effort to cut short a legal appeal over its SABMiller merger.
- The beer giant says it will make a cash payment and guarantee participants receive the same premium as SABMiller shareholders.
- The South Africa Competition Tribunal is set to hear an appeal on the deal after the South Africa Competition Commissions cleared it.
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
Fri, Jun. 3, 9:56 AM
- Susquehanna sizes up the Ready-to-Drink tea market after Starbucks (NASDAQ:SBUX) partners up with Anheuser-Busch InBev (NYSE:BUD) to grow the Teavana and Tazo brands.
- On a broad scale, the U.S. RTD market was $5.1B last year and showed 3% growth.
- The main players are Unilever (UN, UL) via Lipton, Arizona Beverage (private), Coca-Cola (NYSE:KO) via Gold Peak, and Dr. Pepper Snapple (NYSE:DPS) via Snapple which as a group account for 70% of sales. Teavana and Tazo have almost no market share with most sales currently coming from Starbucks stores.
- The SBUX-BUD partnership will see Anheuser-Busch InBev produce the tea products at its U.S. breweries and distribute them to about 300K convenience stores and grocery chains in the U.S.
- Analyst Pablo Zuanic provided Seeking Alpha the data.
- Previously: Starbucks finds a tea partner in Anheuser-Busch InBev (June 2)
Thu, Jun. 2, 4:17 PM
- Starbucks (NASDAQ:SBUX) and Anheuser-Busch InBev (NYSE:BUD) announce a major tea partnership in the U.S.
- The companies plan to launch the first Teavana Ready-to-Drink tea in the first half of 2017. Premium RTD tea is the fastest-growing segment in the RTD tea category.
- The initiative combines the powerful Starbucks brand with A-B's production and distribution muscle.
Anheuser-Busch InBev SA engages in the provision of beverages products. Its activities include manufacturing, marketing and distribution of alcoholic and non-alcoholic drinks. It operates through the following geographical segments: North America, Mexico, and Latin America North, Latin America... More
Sector: Consumer Goods
Industry: Beverages - Brewers
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