Beverages Stocks Under Review -- Ambev, Molson Coors Brewing, Anheuser-Busch InBev, and Fomento Economico Mexicano
NEW YORK, November 8, 2016 /PRNewswire/ --
Stock-Callers.com brings focus back on the global Beverages industry, particularly the Brewers category, which is expected to strengthen in the five years to 2021 due to consolidations and M&A activities. Equities to assess this morning are: Ambev S.A. (NYSE: ABEV), Molson Coors Brewing Co. (NYSE: TAP), Anheuser-Busch InBev SA/NV (NYSE: BUD), and Fomento Economico Mexicano S.A.B de C.V. (NYSE: FMX). Learn more about these stocks by downloading their free research reports in PDF format at:
Sao Paulo, Brazil headquartered Ambev S.A.'s shares rose 2.58% and finished Monday's trading session at $5.57. A total volume of 14.95 million shares was traded. Since the start of this year, the stock has advanced 24.89%. The Company's shares are trading above their 200-day moving average by 1.36%. Moreover, shares of Ambev, which through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas, have a Relative Strength Index (RSI) of 33.19.
On October 28th, 2016, Ambev reported that during Q3 2016 its normalized net profit reached R$ 3.20 billion, 3.6% above that of last year. Normalized EPS was R$ 0.20 in the reported quarter. Net revenue was up 2.3% in Q3 2016, while volumes were down 3.4% on a y-o-y basis. Sign up and read the free research report on ABEV at:
Molson Coors Brewing
On Monday, shares in Denver, Colorado headquartered Molson Coors Brewing Co. recorded a trading volume of 1.79 million shares, and ended the session 2.13% higher at $105.00. The stock has gained 6.07% in the previous three months and 13.24% on an YTD basis. The Company's shares are trading 7.23% above their 200-day moving average. Furthermore, shares of Molson Coors Brewing, which manufactures and sells beer and other beverage products, have an RSI of 46.98.
On October 10th, 2016, research firm Goldman resumed its 'Buy' rating on the Company's stock, issuing a target price of $130 per share.
On November 01st, 2016, Molson Coors Brewing reported U.S. GAAP net income from continuing operations attributable to the company of $202.5 million, an increase versus $13.7 million a year ago. The Company also reported a 14.3% decrease in underlying after-tax income for Q3 2016, driven by lower worldwide volume, a higher underlying tax rate, and higher brand investments globally, which were partially offset by positive mix and higher underlying U.S. equity income. Net cash provided by operating activities through Q3 2016 was $630.2 million which represents an increase of $151.2 million from Q3 2015. The complimentary research report on TAP can be downloaded at:
Shares in Leuven, Belgium headquartered Anheuser-Busch InBev SA/NV closed the day at $113.04, up 0.85%. The stock recorded a trading volume of 3.02 million shares, which was above its three months average volume of 1.35 million shares. The Company's shares are trading 8.39% below their 200-day moving average. Additionally, shares of Anheuser-Busch InBev, which engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide, have an RSI of 23.54.
On October 20th, 2016, research firm Societe Generale downgraded the Company's stock rating from 'Buy' to 'Hold'.
On October 28th, 2016, Anheuser-Busch InBev reported that during Q3 2016 revenue grew by 2.8%. Revenue per hl grew by 3.8% in Q3 2016 with the benefits of revenue management and premiumization initiatives being partly offset by results in Brazil. Total volumes declined by 0.9% in Q3 2016. EBITDA declined by 2.0% in Q3 2016 to $4,032 million, driven by a very weak result in Brazil. Normalized profit attributable to equity holders of AB InBev was $1,363 million in Q3 2016 compared to $1,673 million in Q3 2015, driven by the organic decline in EBITDA, higher net finance results and unfavorable currency translation, partly offset by lower income taxes. Register for free on Stock-Callers.com and access the latest report on BUD at:
Fomento Economico Mexicano
At the closing bell yesterday, shares in Monterrey, Mexico headquartered Fomento Economico Mexicano S.A.B de C.V. ended 4.73% higher at $94.64. A total volume of 679,886 shares was traded, which was above their three months average volume of 620,150 shares. The stock has advanced 2.24% in the last one month, 1.67% over the previous three months, and 4.02% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.49% and 3.39%, respectively. Furthermore, shares of the company, which through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores, have an RSI of 53.39. Get free access to your research report on FMX at:
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