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Wed, Feb. 10, 8:22 AM
- Heineken (OTCQX:HEINY) expects to increase both sales and profit in 2016 with demand in the U.S. helping to offset weakness in energy-dependent markets.
- The beer giant reported a 3.5% increase in organic revenue in Q4 and a 1.3% gain in revenue per hectolitre.
- Heineken's innovation rate of 9% stands out amid the highly-competitive beer market.
Wed, Feb. 10, 3:16 AM
Wed, Jan. 27, 8:28 AM
- Susquehanna issued a breakdown of the Beer Business Daily Summit held yesterday. Some read-throughs from the investment firm are listed below.
- Analyst Pablo Zuanic says it could be "years" before Boston Beer (NYSE:SAM) is sold and warns investors to take a long-term view of the beer stock.
- A presentation by MillerCoors (NYSE:TAP) served as a reminder that many of the cost synergies to be realized by Molson Coors (TAP) through its acquisition are likely to be reinvested.
- Constellations Brands (NYSE:STZ) could see a "Donald Trump" overhang, warns Zuanic.
- The Anheuser-Busch (NYSE:BUD) presentation tipped a pause for craft brewery acquisitions, while Heineken's (OTCQX:HEINY) talk disappointed.
Nov. 29, 2015, 11:03 AM
- Anheuser-Busch InBev (NYSE:BUD) is aiming to head off European regulatory concerns over its proposed acquisition of SABMiller (OTCPK:SBMRY) by putting the Peroni and Grolsch labels that it would gain up for sale.
- No price for the brands has yet been indicated, but according to the Sunday Times, the sale would fetch billions of pounds.
- Potential buyers include Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Ireland's C&C Group (OTCQX:CCGGY), makers of Bulmers and Magners ciders.
- Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
Nov. 13, 2015, 2:44 AM
- Yesterday's MegaBrew deal between AB Inbev and SABMiller is leaving mid-size competitors without a clear way forward.
- Companies such as Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Carlsberg (OTCPK:CABGY) now find themselves squeezed between a behemoth that will produce almost a third of the world's beer and a growing army of craft brewers.
- Some experts say they should respond by pursuing takeovers of their own, while others argue that would do little good because the underlying problem is that consumers are increasingly drinking craft beers, not mass market brands.
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)
Nov. 10, 2015, 7:56 AM
- Analyst Vivien Azer is out with a new report on the beer industry.
- Azer says beer volume remains in a challenging trend, while pricing has softened again.
- Craft and imports continue to take market share, although growth in the category may be slowing.
- Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
Oct. 28, 2015, 7:27 AM
- Heineken (OTCQX:HEINY) announces it will end a €750M ($829M) buyback program in order to keep some M&A firepower.
- The brewer has made a series of small acquisitions this year, but may take a more aggressive stance if the merger between Anheuser-Busch InBev and SABMiller goes through to completion.
- The company is poised to become the world's second-largest beer producer if the MegaBrew deal is finalized.
Oct. 27, 2015, 9:20 AM
- Molson Coors (NYSE:TAP) sits in a strategic position if the Anheuser-Busch InBev merger with SABMiller goes through, note analysts.
- The beer company can not only increase its stake in MillerCoors to 50% at fair market value, it also has the right of first refusal to buy the company whole or add another 5% stake. Perhaps most importantly, Molson Coors controls who would be picked as the next CEO at MillerCoors.
- Those advantages could keep Heinkene (OTCQX:HEINY) or a PE firm from making a run at acquiring the A-B stake in the beer JV.
- Number-crunching analysts see $500M in annual brewery costs that could be eliminated if Molson lands MillerCoors.
- Molson trades just over $88 a share, just a buck off its 52-week high.
- Previously: Deadline approaches for MegaBrew deal (Oct. 27 2015)
Oct. 16, 2015, 11:03 AM
Oct. 7, 2015, 1:41 PM
- There was a major beer deal struck today, although it didn't involve Anheuser-Busch InBev and SABMiller.
- A little bit under the radar, Diageo (NYSE:DEO) and Heineken (OTCQX:HEINY) finalized an agreement to swap assets. Diageo sold a 57% stake in Desnoes & Geddes to Heineken to give the Dutch brewer 73% of the Red Stripe brewer. Diageo also sold 49.99% of Asian distributor GAPL Pte to Heineken.
- Heineken traded back a 20% stake in Guiness Ghana Breweries to Diageo.
- The asset deals will result in a net payment of $780.5M to Diageo.
Sep. 25, 2015, 6:54 AM
Sep. 16, 2015, 9:56 AM
- Beer stocks are in party mode with Anheuser-Busch InBev (BUD +6.9%) closing in on making an offer for SABMiller (OTCPK:SBMRY +20.5%).
- Consolidation within the industry is seen supporting pricing and raising the M&A profile of large and smaller players alike.
- Gainers: Heineken ADRs (OTCQX:HEINY) +3.7%, Diageo (NYSE:DEO) +2.9%, Molson Coors (NYSE:TAP) +14.5%, Carlsberg (OTCPK:CABGY) +3.7%, Craft Brew Alliance (OTCPK:CABGY) +3.7%, Constellation Brands (NYSE:STZ) +0.8%, Boston Beer (NYSE:SAM) +1.6%.
- Previously: AB InBev prepping offer for SABMiller (Sep. 16 2015)
- Previously: Molson Coors pops with A-B circling SABMiller (Sep. 16 2015)
Sep. 8, 2015, 1:10 PM
Aug. 24, 2015, 11:33 AM
Aug. 3, 2015, 10:57 AM
- Shares of Heineken ADRs (OTCQX:HEINY) are up 5.10% to follow up on post-earnings gains made by the company in Europe earlier.
- Heineken's 1H revenue total of €9.9B ($10.9B) beat the consensus estimate of €9.76B
- Beer volume was up 1% off positive organic growth in the Americas, Asia Pacific, and Africa Middle East segments.
- Volume for premium beer was up 4.7% during the six-month period.
- Heineken earnings report
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