Dallas, Texas 02/10/2014 (FINANCIALSTRENDS) – Anheuser Busch Inbev SA (ADR) (NYSE:BUD) has set the ball rolling, in the new year, with the acquisition of a craft brewery. Called Blue Point, the craft brewery was acquired by the Belgian-based company at a priced which is yet to be revealed to public domain. Currently, Blue point which is a US based brewery with a ranking of 34, is a priced possession on BUDs portfolio. Future plans for the latest of BUDs acquisitions is to improve the production facilities for the center.
Anheuser Busch Inbev SA (ADR) (NYSE:BUD) I the recent month has been abuzz with activity. Peer group have since slumped to prices which are not attractive allowing BUD to see much action on the stock market as well. Rivals which levelled-off after the festive merry of New Year and Christmas lost on the ratings as well. BUD, jumped eve as Diageo did not have much to talk about especially in the emerging markets. The Executives at Diageo did stir some news in the industry when they revealed that BUD is yet not out of a Merger and Acquisition spree.
Anheuser Busch Inbev SA (ADR) (NYSE:BUD) received a thumping ‘Buy’ by BTIG Research. This followed the excellent BUD held in the last week of Feb as it show 9% YTD. The run of spots at the Super Bowl slot is expected to last for 4 minutes, with one of them being presented by the likes of Arnold Schwarenegger. The iconic Hollywood star wills support the Bud Light drink this brewer offers and is expected to see much higher consumption of the same during the run up to the Super bowl as well as the follow-through.
Anheuser Busch Inbev SA (ADR) (NYSE:BUD) has been one of the leading brands for beer and offers a bouquet popular as much in the US as on the European continent- Budweiser, Leffe, Beck’s among others.
