90.93 -1.11 (-1.21%)
Pre-market: 7:02AM EDT
|Bid||90.94 x 1400|
|Ask||90.99 x 1000|
|Day's range||91.50 - 92.72|
|52-week range||87.32 - 126.50|
|PE ratio (TTM)||23.02|
|Forward dividend & yield||4.78 (5.35%)|
|1y target est||115.26|
The world's biggest beer maker, Anheuser-Busch InBev has opened up a factory in Nigeria as it looks to expand its footprint in Africa. Serena Chaudhry reports.
AB InBev (BUD) suffers due to industry-wide decline in beer sales as consumers shift to healthier drinks. However, the company???s robust outlook indicates that there is an upside potential.
Companies nervous about getting pulled into the increasingly political NFL conversation should take a stand one way or the other, one ad executive says. Otherwise, they risk becoming irrelevant.
Zacks Industry Outlook Highlights: Anheuser-Busch, Constellation, Canopy Growth and Brown-Forman.
Anheuser-Busch InBev NV is readying new African operations as the world’s largest brewer continues its expansion on the continent after the blockbuster takeover of SABMiller. AB InBev intends to open its first brewery in Mozambique in the second half of next year after starting production in Nigeria later this month, Chief Executive Officer Carlos Brito told reporters in Johannesburg late Tuesday. The Leuven, Belgium-based company has also agreed to build a $100 million brewery in Tanzania, and is in discussions about tax policy in the East African country, he said.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the deal between MGM Resorts (MGM) and the NBA, which could lay the foundation for the future of sports betting in the U.S.
Heineken NV has struck back against Anheuser-Busch InBev as the brewing giants’ battle over recyclable beer dispensers escalates. Heineken, the world’s second largest beer brewer after AB InBev, retaliated against its competitor and filed a complaint Thursday with the International Trade Commission that seeks to block imports of products that use their patented dispensing line. In January, AB InBev claimed that Heineken copied its bag-in-bottle beer dispensers, infringed four U.S. patents, and had a policy to “copy and call it innovation.” Heineken has fired back, claiming that Ab InBev actually copied its dispensing line design that has been protected by a patent since 2004, when BeerTender, a dispenser that used a returnable keg with a beer-in-bag container, was first released.
Heineken NV could hardly be blamed for having a bit of an inferiority complex about Anheuser-Busch InBev SA. Nowadays, AB InBev sells nearly three out of 10 liters of beer consumed globally. Heineken may account for another 8 percent of the global market, but it remains a distant competitor to its rival across the border in Belgium.