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NEW YORK, March 20, 2017 /PRNewswire/ —
The Beverages space is a mature sector that includes Brewers, or companies that are engaged in the manufacture of wine, beer and distilled spirits. Demand is somewhat inelastic across good and bad economic times, and there is an overall long-term trend of rising affluence around the globe. Today, Stock-Callers.com monitors these four stocks: Ambev S.A. (NYSE: ABEV), Anheuser-Busch InBev S.A./N.V. (NYSE: BUD), Molson Coors Brewing Co. (NYSE: TAP), and Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX). Learn more about these stocks by accessing their free research reports at:
Shares in Brazil headquartered Ambev S.A. ended Friday’s session 0.36% lower at $5.51. A total volume of 21.49 million shares was traded, which was above their three months average volume of 14.09 million shares. The stock has advanced 15.27% over the previous three months and 12.22% on an YTD basis. The Company’s shares are trading 0.89% above their 50-day moving average. Moreover, shares of Ambev, which through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas, have a Relative Strength Index (RSI) of 50.20.
On March 02nd, 2017, Ambev reported that normalized EBITDA was R$ 6,015 million in Q4 2016 with gross margin and EBITDA margin compression of 210bps and 650bps, respectively. The Company’s net profit reached R$ 4.83 billion in Q4 2016, 13.5% above Q4 2015, while on a normalized basis net profit declined 15.9% to R$ 3.66 billion. Ambev’s cash generated from operations reached R$ 7.92 billion in Q4 2016. Free research report on ABEV is available at:
Belgium headquartered Anheuser-Busch InBev S.A./N.V.’s shares rose 0.81%, closing the day at $111.75. A total volume of 2.55 million shares was traded, which was above their three months average volume of 1.57 million shares. The stock has advanced 3.52% in the last month, 8.59% in the previous three months, and 5.98% on an YTD basis. The Company’s shares are trading 4.66% above their 50-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 64.49.
On March 02nd, 2017, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’. The complimentary research report on BUD can be downloaded at:
Molson Coors Brewing
Last Friday, shares in Colorado headquartered Molson Coors Brewing Co. gained 0.15%, closing the session at $98.38. The stock recorded a trading volume of 1.61 million shares, which was higher than its three months average volume of 1.50 million shares. The Company’s shares have advanced 1.52% on an YTD basis. The stock is trading 0.91% above its 50-day moving average. Furthermore, shares of Molson Coors Brewing, which manufactures and sells beer and other beverage products in the US, Canada, Europe, and internationally, have an RSI of 51.38.
As per a SEC filing dated March 08th, 2017, Molson Coors Brewing and certain subsidiaries of the Company on March 06th, 2017, entered into a purchase agreement with Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., and UBS Securities LLC, as representatives of the initial purchasers named therein, in connection with the proposed offer and sale by the Company of $500 million aggregate principal amount of its 1.900% Senior Notes due 2019 and $500 million aggregate principal amount of its 2.250% Senior Notes due 2020. Visit us today and access our complete research report on TAP at:
Fomento Economico Mexicano
Mexico headquartered Fomento Economico Mexicano S.A.B. de C.V.’s stock finished the session 1.27% higher at $89.85 with a total trading volume of 430,663 shares. The Company’s shares have advanced 12.92% in the last month, 16.01% in the previous three months, and 17.90% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 12.79% and 3.94%, respectively. Additionally, shares of Fomento Economico Mexicano, which through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores, have an RSI of 73.63.
On March 16th, 2017, Fomento Económico announced that during its Annual Ordinary General Shareholders Meeting shareholders approved the payment of a cash dividend in the amount of Ps. 8.64 billion, consisting of Ps. 0.5383 per each Series “D” share and Ps. 0.4307 per each Series “B” share, which amounts to Ps. 2.5840 per “BD” Unit or Ps. 25.840 per ADS, and Ps. 2.1534 per “B” Unit. The dividend payment will be split in two equal payments, payable on May 05th, 2017 and November 03rd 2017. In addition, the shareholders established the amount of Ps. 7,000 million as the maximum amount that could potentially be used for the Company’s share repurchase program during 2017. Get free access to your research report on FMX at:
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