This Beer Stock Looks Appetizing

Brittney Barrett |


The recent volatility on Wall Street is making head spin. Mixed earnings alongside dour economic reports have left even the most seasoned analysts hazy on where stocks are headed.  So what to do when the majority of data seems to reveal nothing? Sit back relax and have a drink. Or at least buy shares of a company that sells them. Amid weak guidance from stocks across the sector the most recent earnings report from Anheuser Busch InBev (BUD) sent a very clear message.

Profit for the company added around 26 percent with net profit reaching $1.45 billion against $1.15 billion in the year-ago-period. Sales for the company were up 8.5 percent to $9.95 billion and rose 3.7 percent on an organic basis.

The company expects volume to continue to improvement in the second half of the year, especially in the fourth quarter in spite of the benefit last year’s Soccer World Cup had on earnings.

When the economy sputters, people tend to reach for a  cold one. The recent woes could be expected to drive up profits even more for the next quarter. The company is still weak from the recent downturn, hovering marginally above it’s 52-week lows in spite of the positive news. It has a P/E ratio of 20.06.

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
HZKCL Structured Products Corp. 6.375% CorTS for IBM Corp. Deb. Tr n/a n/a n/a 0 Trade
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) 113.30 -0.05 -0.04 908,389 Trade

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…