Diageo seen as long-term Anheuser-Busch InBev target

Apr. 28, 2017 9:41 AM ETDiageo plc (DEO)DEOBy: Clark Schultz, SA News Editor5 Comments
  • Exane BNP Paribas says that there is strategic merit in either Anheuser-Busch InBev or 3G Capital buying Diagego (NYSE:DEO), but thinks a deal isn't feasible for at least a few more years.
  • The French banking giant speculates that A-B's focus could turn to Diageo if the beer giant passes on a Coca-Cola and PepsiCo combination.
  • The slow pace of beer sales in key markets has many analysts expecting even more consolidation in the beverage sector.
  • Diageo trades at about 22.2X this year's consensus EPS estimate.

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