Anheuser-Busch Inbev SA/NVNYSE
Wed, Dec. 7, 12:11 PM
- Anheuser-Busch InBev (NYSE:BUD) was mentioned today at the Starbucks Investor Day event in relation to the planned launch of bottled Teavana Craft Iced Teas.
- The SBUX-BUD partnership will see the first line of teas start to ship to select Northeast U.S. retailers in February.
- Later in the year, select flavors will roll out to Starbucks stores. The full Teavana launch is expected to hit national channels by 2018.
- Anheuser-Busch is producing, bottling and distributing bottled Teavana Craft Iced Teas to retailers.
- Previously: Starbucks 2.0 explained by top execs (Dec. 7)
Wed, Nov. 30, 9:20 AM
- Beer sales in the U.S. have improved over the last 12 weeks, updates Susquehanna analyst Pablo Zuanic.
- IRI scanner data indicates that volume rose 1% during the 4-week period ending November 20 to mark the fastest pace of growth seen since November. Volume fell 0.1% in Q3 and was up 0.7% in Q2.
- Zuanic says trends improved for Anheuser-Busch InBev (NYSE:BUD) and MillerCoors (NYSE:TAP), but volumes remained down mid-single digits for Boston Beer (NYSE:SAM).
- "Sam Adams volumes worsened further, while Twisted Tea improved, and Angry Orchard declines slowed," writes Zuanic.
Wed, Nov. 30, 7:21 AM
- HSBC is convinced that Coca-Cola (NYSE:KO) is the M&A end game strategy of Anheuser-Busch InBev (NYSE:BUD).
- The firm thinks Coca-Cola, Heineken and Coca-Cola FEMSA (KOF, OTC:COCSF) are in in position where they need to change their strategies to defend against the possibility of an "ABI-Coke world." An anti-BUD alliance is in their best interests, according to the HSBC note.
- Source: Bloomberg
Mon, Nov. 28, 12:16 PM
- Fitch Ratings thinks the commitment by Anheuser-Busch InBev (BUD +0.8%) to pay out ~$8B annually in dividends to shareholders will limit the company's ability to deleverage.
- "We see positive rating action as unlikely for at least the next two years based on current deleveraging expectations," says Fitch.
- "Under our current projections we expect net leverage to reduce below 5.0x in 2019," adds the ratings agency. A credit rating upgrade from Fitch is more likely at a leverage ratio of 4.0X to 4.5X.
- Fitch Ratings press release
Fri, Nov. 25, 10:18 AM
- Macquarie initiates Heineken (OTCQX:HEINY) at Outperform. The investment firm's euro-based price target implies +10% upside.
- Macquarie also starts off coverage on Anheuser-Busch InBev (NYSE:BUD) with an Outperform rating. The PT on A-B InBev gives shares the room to run 14% higher.
- Industry consolidation is seen as benefiting both beer giants.
Fri, Nov. 18, 12:34 PM
- In no surprise given the market's one-way street upwards for some time, the list of 52-week highs in large- and mid-cap stocks is too long to list. Suffice it to say, if you own a financial name and it's not at a 52-week high, call management.
- Of far more interest given the major bull run, which names are making 52-week lows?
- Anheuser-Busch (BUD -1.6%)
- Fomento Economico Mexicano (FMX -2.8%)
- National Grid (NGG -0.8%)
- Novo Nordisk (NVO -1%)
- Grupo Televisa (TV -3.3%)
- Unilever (UL -1%)
- CubeSmart (CUBE -1.4%)
- Extra Space Storage (EXR -0.4%)
Thu, Nov. 17, 3:27 PM
- Evercore ISI calls the recent drop in Anheuser-Busch InBev (BUD +0.9%) a "compelling" buying opportunity for investors looking out at least six months.
- Merger synergies and EBITDA growth are expected to kick in during 2017.
- The investment firm rates BUD a Buy with a $130 price target.
Mon, Nov. 14, 3:50 PM
Mon, Nov. 14, 9:43 AM
- Managers at Anheuser-Busch InBev (NYSE:BUD) have a huge incentive to strike a deal to acquire Coca-Cola (KO +0.5%), observes The Telegraph.
- 65 top execs stand to share a £278M ($350M) bonus pool if $100B in annual revenue is brought in by the company before 2020, a target unlikely to be achieved through organic growth.
- The Telegraph reports that A-B CEO Carlos Brito has already acknowledged that it's looking at beverage targets outside of beer.
- Discussion of a KO-BUD tie-up is nothing new on Seeking Alpha (I, II, III).
Wed, Nov. 9, 11:58 AM
- Susquehanna analyst Pablo Zuanic warns that Coca-Cola (KO -1.8%), PepsiCo (PEP -1.9%) and Anheuser-Busch InBev (BUD -2.3%) have some peso risk now embedded due to the sharp drop in the currency. Details from his note to investors are posted below.
- BUD: "In 2015 Mexico accounted for 12% of BUD EBITDA, but now including SAB it will account for 8-9%."
- KO: "LatAm accounted for 19% of KO EBIT in FY15, and we estimate that Mexico accounts for 10-12% of earnings (11% of CSDs and NARTDs, as per Euromonitor)."
- PEP: "At PEP Mexico is 6% of CSDS (end unit cases), but 12% of NARTDs (water, others), according to Euromonitor, and it accounts for 8% of Frito. So roughly, we’d say Mexico is 8-9% of PEP’s global earnings."
Tue, Nov. 8, 11:23 AM
- Anheuser-Busch InBev (BUD +1.2%) has at least six first-round bids in hands for the sale of a group of European beers which include Czech brand Pilsner Urquell and Polish labels Tyskie and Lech, according to Reuters.
- The company is offloading the assets as part of the regulatory requirement for its merger with SABMiller.
- The deal could bring in as much as $5.5B.
- Asahi Group Holdings (OTCPK:ASBRF, OTC:ASBRY) is reported to be one of the bidders.
Thu, Nov. 3, 10:49 AM
- Anheuser-Busch InBev (BUD -1.8%) announces it acquired craft-brewer Karbach Brewing Co. for an undisclosed amount.
- Karbach joins a diverse portfolio of craft breweries within The High End, the business unit within Anheuser-Busch that focuses on its craft and import brands.
- Anheuser-Busch plans to invest in Karbach to realize a brewing capacity of 150K barrels per year by 2019.
- Source: Press Release
Mon, Oct. 31, 10:03 AM
- Susquehanna checks in on Anheuser-Busch InBev (BUD -1.2%) after digesting the company's Q2 earnings report and conference.
- Estimates: The firm thinks consensus estimates are too high on BUD. The forecast for 2016 EPS is lowered to $3.40 vs. $3.96 consensus and FY17 EPS is forecast at $4.95 vs. $5.22 consensus. The price target on the beer giant is set at $126.
- Analyst Pablo Zuanic: "The $2.45Bn savings/ synergy target from SAB is equivalent to 24% of SAB consolidated sales (post divestitures including the African Coke unit), which means while current BUD global margins are 38%, that SABMiller margins will go from the current 36% to 60%. At a tall order. "
Mon, Oct. 31, 9:22 AM
- Constellations Brands (NYSE:STZ) announces it acquired Obregon Brewery from Grupo Modelo for $600M.
- The deal has to be approved by the DOJ before closing.
- The plant located in Mexico is expected to have 4M hectoliters of production capacity with minimal investment.
- "We believe this is the right strategy to provide near-term capacity and greater flexibility to support our growth and innovation plans, while allowing for the buildout of our Mexicali brewery over an extended time period," says Constellation CEO Rob Sands.
- Grupo Modelo is a subsidiary of Anheuser-Busch InBev (NYSE:BUD).
- STZ +1.12% premarket to $167.88.
Sat, Oct. 29, 10:42 AM
- The trucking industry is anxiously waiting for the release of key heavy-duty truck order releases next week as it assesses demand for 2017.
- Overcapacity has impacted trucking pricing this year and forced several companies to idle parts of their fleets and rethink strategy. More than half of trucking stocks with a market cap of over $50M are showing a negative YTD return.
- There's a sense that the extended downturn in freight demand could be bottoming out, a theory that could be confirmed by the upcoming reports from ACT Research and FTR.
- Looking further down the road, it can't be ignored that autonomous vehicle technology could have an impact with trucking services, logistics firms and truck makers. The dramatic delivery of 50K Budweisers (NYSE:BUD) by self-driving transport company Otto (Private:UBER) is considered by some analysts as much more than a publicity stunt.
- Ford (NYSE:F) announced last summer that it's developing smaller self-driving delivery trucks and Google has a USPTO-approved patent on a self-driving delivery truck. On the long-haul side, Daimler's (OTCPK:DDAIF) Freightliner is still testing autonomous 18-wheelers.
- Related article: MIT Technology Review on Uber Freight
- Related stocks: ULH, USAK, SAIA, PATI, PTSI, JBHT, KNX, SWFT, LSTR, MRTN, HTLD, WERN, ECHO, ODFL, CVTI, CGI, ARCB, YRCW, NAV, CMI, PCAR, FDX, UPS.
Fri, Oct. 28, 7:18 AM
- Anheuser-Busch InBev (NYSE:BUD) reports a 0.9% decline in total global volume in Q3.
- Volume by region: North America -2.4%, Mexico +9.6%, Latin America -North -3.5%, Latin America South +1.5%, Europe -2.6%, Asia Pacific +1.5%,
- Total revenue fell 2% Y/Y to $11.1B during the quarter, led by sales gains for Coronoa (+14.8%), Stella Artois (+12.2%) and Budweiser (+4.8%). Organic revenue was up 2.8%.
- EBITDA was down 2.0%, due in part to weakness in Brazil. EBITDA margin decreased -178 bps to 36.3%.
- Anheuser-Busch press release (.pdf)
- Previously: Anheuser-Busch Inbev misses by $0.07, misses on revenue (Oct. 28)
- BUD -3.58% premarket to $117.11.