New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 27, 2013
15:01 EDTBUDAB InBev advances after earnings amid watering-down claims
Shares of brewer Anheuser Busch Inbev (BUD) are advancing after the company reported fourth quarter earnings this morning before the market open. AB InBev reported normalized earnings per share of $1.12 against consensus estimates for $1.18. Revenue rose 8.8% to $10.29B against estimates for $10.24B. The company said total volumes declined 0.1% in the quarter, with own beer volumes down 0.3% and non-beer volumes growing 0.8%. However, its "Focus Brands," which include the three global brands Budweiser, Stella Artois and Beck’s, grew by 0.4% during the three month period. Additionally, the company's board proposed a EUR 1.70 dividend to be paid semi-annually with the first payment slated for May 2. The company said that it expects 2013 to be another year of "challenge and uncertainty in the global economic environment," adding that it expects volumes in the U.S. during the first quarter to be negatively impacted by weather and short term pressure on consumer disposable income. The company was also cautious on its first quarter view for Brazil, citing wet weather and the earlier timing of Carnival compared to last year. AB InBev said it expects volume growth in China through 2013, adding that volume in China in the first quarter is showing a recovery from the end of last year. Meanwhile, Time is reporting that the company is may face class action lawsuits in multiple states alleging that the company's beer had less alcohol by volume that was advertised. Shares of AB InBev trading in New York are up $1.58, or 1.72%, to $93.38 this afternoon.
News For BUD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 28, 2014
19:09 EDTBUDMolson Coors shares could rise 30% or more, Barron's says
Molson Coors (TAP) shares could see an increase of 30% or more from three ways, by being a takeover target for SABMiller (SBMRY); if Anheuser-Busch InBev (BUD) acquires SABMiller, then Molson Coors might be able to acquire the remaining interest in MillerCoors for a good price; the company could also rise on its own, driven by cost reductions, Barron's contends in a feature article. Reference Link
September 22, 2014
08:46 EDTBUDSABMiller downgraded to Market Perform from Outperform at Bernstein
Following the run-up in SABMiller's (SBMRY) stock earlier in the year, the firm is skeptical about the chances of AB InBev (BUD) making a takeover bid for SABMiller in the short-term to medium term.
September 19, 2014
16:24 EDTBUDStocks rise after Fed keeps pledge for 'considerable time' before rate hike
Subscribe for More Information
10:07 EDTBUDHigh option volume stocks
Subscribe for More Information
September 17, 2014
10:00 EDTBUDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
07:52 EDTBUDAB InBev upgraded to Hold from Sell at Societe Generale
Societe General upgraded AB InBev to Hold based on expectations for a boost in real wage growth for blue collar workers, the company's natural consumers.
06:32 EDTBUDAB InBev upgraded to Hold from Sell at Societe Generale
Price target raised to $87 from $71.
05:25 EDTBUDAB InBev upgraded to Hold from Sell at Societe Generale

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use