Mon, Apr. 13, 8:11 AM
Sat, Feb. 14, 10:13 AM
- Craft soda is starting to become a trend to watch closely, according to industry insiders.
- Though still accounting for only ~1% of the total U.S. soda market, major retail chains have increasingly been willing to bet on local craft brands in store aisles.
- The craft craze is old news for the beer industry where coming-of-age millennials buy craft/local beers at a 50% higher rate than brand-loyal older generations. Fading stars such as Budweiser and Bud Light are testament to the impact of the millennial paradigm.
- The craft influence in coffee hasn't been lost on Starbucks which has strategically deployed trucks on college campuses in an effort to win over students.
- Despite the progressive reputation of Starbucks, analysts think new upstarts such as Craft (subscription) and Cups (app) have a shot of gaining influence with the Indie-minded millennial crowd on "customization" and pricing.
- What to watch: An increase in M&A activity in the beverage sector is expected as major companies strategically pick off more local craft brands to incubate.
- Craft beer watch: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, OTC:BIBLF, OTCPK:BRBMF.
- Craft coffee watch: GMCR, SBUX, JVA, SJM, KRFT, DNKN, QSR, MCD.
- Craft soda watch: PEP, KO, MNST, COT, DPS, OTCQB:JSDA, REED, SODA, FIZZ.
Oct. 16, 2014, 5:39 PM
- Crown Holdings (NYSE:CCK) entered into an agreement to acquire EMPAQUE (Mexican beverage packaging) from Heineken N.V. (OTCQX:HEINY)
- Segment Revenue - Americas Beverage $570M vs. $583M last year; North America Food $236 vs. 249M; European Beverage $474M vs. 481M; European Food $787M vs. 543M.
- Free Cash Flow $91M vs. $70M.
- Q3 earnings
- Conference Call at 9 am ET tomorrow
Sep. 16, 2014, 9:52 AM
- Shares of Anheuser-Busch InBev (BUD -0.8%) are lower after some of the buzz over a potential merger with SABMiller (OTCPK:SBMRY) wears off. In Europe, shares of SBMRY are also tilting lower.
- Analysis of the combination of the two beer giants is nearly evenly split. Some analysts think the regulatory hurdles are too high to clear, while others maintain that outside of the U.S. and China there's not a huge amount of overlap that would draw in regulators.
- Stifel Nicolaus and Buckingham Research have both raised their price target on BUD, moving to $130 and $137 respectively.
- MillerCoors (TAP -1%) is in a holding pattern. If the mega-merger goes through, the company is nearly assured of a new owner.
- The wildcard: There's also still the chance that A-B could have the rug pulled out from under it if SABMiller improves its offer to Heineken (OTCQX:HEINY) to a level which wins over the controlling family.
Sep. 15, 2014, 9:55 AM
- Shares of SABMiller (OTCPK:SBMRY) are ripping in London trading with reports out that Anheuser-Busch InBev (BUD +3.2%) is talking to banks about coming up with financing for a bid.
- SABMiller is more vulnerable after Heineken (OTCQX:HEINY) rejected its buyout overture.
- A deal between the beer giants would require significant divestiture massaging, possibly including SABMiller shedding its interest in MillerCoors (NYSE:TAP) in the U.S.
- What to watch: A-B has to decide before the end of the year if its wants to renew a soft-drink bottling contract with PepsiCo. If the brewer declines, it could be an indication that it has its eyes on SABMiller's deal with Coca-Cola in Africa.
- SBMRY +12.2%.
Sep. 14, 2014, 10:30 AM
- SABMiller (OTCPK:SBMRF) has been approached Heineken (OTCQX:HEINY) about a merger only to be rebuffed by the controlling Heinken family, reports Bloomberg.
- Another mega-merger within the beer industry has been widely anticipated by analysts in order to line up regional strengths and weaknesses.
- Related stocks: Anheuser-Busch InBev (NYSE:BUD), Diageo (NYSE:DEO), Carlsberg (OTCPK:CABGY), Molson Coors (NYSE:TAP), Boston Beer (NYSE:SAM).
Sep. 1, 2014, 3:30 AM| 1 Comment
Jul. 11, 2013, 7:42 AM
Sep. 28, 2012, 3:54 AMHeineken (HINKY.PK) wins full control of Asia Pacific Breweries, in which it already owns 55.64%, after Fraser & Neave shareholders vote to sell its 39.7% in APB to the Dutch brewer for about $6.3B. The vote ends a two-month drama in which Thai billionaire Charoen Sirivadhanabhakdi threatened Heineken's plans. | Comment!
Sep. 13, 2012, 5:31 AMThai billionaire Charoen Sirivadhanabhakdi offers S$9B ($7.3B) to acquire the 70% of Singapore's Fraser & Neave he doesn't control in what may be an attempt to prevent Heineken (HINKY.PK) from acquiring F&N's 40% stake in Asia Pacific Breweries for $4.4B. Coca-Cola's (KO) may well be watching with interest, as it's reportedly interested in F&N's beverages operations. | Comment!
Aug. 3, 2012, 7:03 AM
Aug. 2, 2012, 3:57 AMCoca-Cola (KO) is reportedly considering a bid for the beverage ops of Singapore’s Fraser & Neave, which include F&N’s dairy and soft-drinks divisions and could be worth up to $3B. The speculation comes as a battle between Heineken and Thai billionaire Charoen Sirivadhanabhakdi for Asia Pacific Breweries, in which F&N owns 40%, nears a climax, with F&N set to decide on a $4.1B bid from Heineken for its holding. | 3 Comments
Jul. 20, 2012, 8:11 AMHeineken (HINKY.PK) offers as much as $6B for full control of Asia Pacific Breweries (APBRY.PK) to prevent Thai Beverage billionaire Charoen Sirivadhanabhakdi from muscling in on a vital emerging-market asset. Heineken, which owns 42% of APB, says it will seek to acquire the outstanding shares in the Singapore-based maker of Tiger beer. | Comment!
Jun. 30, 2012, 10:30 AMDespite the steep price tag, analysts back Anheuser-Busch InBev's (BUD) full acquisition of Grupo Modelo that sent shockwaves across the industry and helps make BUD look like an enticing investment. By adding billion-dollar brands Corona Extra, Modelo Especial, and Victoria - the brewer finds a better synergistic mix than if had followed through with the rumored purchase of SABMiller (SBMRY.PK). In Mexico, A-B effectively boxes out Heineken (HINKY.PK), while divesting its Busch, Busch Light, and Natural Light brands to appease regulators should be painless. | Comment!
Jun. 29, 2012, 9:08 AMThe biggest loser in the beer market shakeup following the Anheuser-Busch InBev purchase of Grupo Modelo is Heineken (HINKY.PK), according to Santander's Anthony Bucalo. While SABMiller (SBMRY.PK) can focus on its own mega-purchase of Foster's now that a merger with A-B Inbev appears off the table, Heineken is left out without a dance partner as the industry nears full consolidation. Competition in Mexico also just got much more fierce for Heineken. | Comment!
Apr. 16, 2012, 9:57 AMAs expected, AB InBev (BUD +1.65%) wins the race for Cerveceria Nacional Dominicana - the maker of Presidente beer - agreeing to pay over $1.2B for a 51% stake. AB InBev is paying $1B to majority shareholder E. Leon Jimenes for a 41.8% holding, and $237M to Heineken (HINKY.PK), which had been a suitor, for it 9.3%. | Comment!
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