Streetbeat News

CABGY

Carlsberg

https://carlsberggroup.com/

CEO

Cees 't Hart

Open

21.55

Mkt cap

16B

Volume

12K

High

21.65

P/E Ratio

14.64

52-wk high

29.59

Low

21.32

Div yield

0.04

52-wk low

20.62

PepsiCo has waived a clause in its bottling agreement with Britvic, making Britvic a more appealing acquisition target for Carlsberg. This follows Britvic's rejection of a $3.9 billion bid from Carlsberg. The waiver will take effect if Britvic's board recommends and completes an acquisition by Carlsberg. PepsiCo's stock has lost more than 9% in the last 12 months, but shares were trading higher by 1.07% at $169.07 recently.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 3:02 pm

Anheuser-Busch InBev SA (NYSE:BUD) has agreed to transfer its stake in a Russian joint venture to Anadolu Efes, a Turkish partner, without immediate payment. Future compensation will depend on the venture's performance, with the transaction valued between $1.1 billion and $1.3 billion. This divestment is part of a broader trend of European companies leaving Russia due to geopolitical tensions. Carlsberg A/S (OTC:CABGY) and Heineken N.V. (OTC:HEINY) have also exited the Russian market, with Carlsberg's local unit seized by Russia and Heineken selling its business at a loss. BUD shares saw a slight increase of 0.30% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 11:48 am

Carlsberg AS (OTC:CABGY) has terminated its license agreements with Baltika Breweries, ending Baltika's authorization to produce, market, and sell all products under the Carlsberg brand in Russia. This move is in response to the Russian government's temporary seizure of Baltika's management. Carlsberg is exploring all options, including legal measures, to safeguard its employees, assets, and operations in Russia. Carlsberg has decided to fully impair the value of its business in Russia, which will be recognized in other comprehensive income in the full-year accounts and will not impact the income statement.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 4:57 pm

Russia has been seizing assets from Western companies, including Danone and Carlsberg. In response, many foreign companies are planning to leave Russia or reduce their operations there. Several US companies, including Ford, IBM, McDonalds, Delta Airlines, Nike, United Airlines, Starbucks, Hewlett Packard, Uber, Netflix, American Airlines, and Dell, have announced a full retreat from the country. However, other US companies like Cloudflare, Tupperware, Procter & Gamble, Colgate-Palmolive, Kimberly Clark, Abbott Laboratories, Pfizer, Merck, Johnson and Johnson, Eli Lilly, Philip Morris, Coca-Cola, PepsiCo, Kellogg's, General Electric, Whirlpool, John Deere, FedEx, UPS, Intel, Qualcomm, Micron, Nvidia, and Apple continue to operate in Russia, albeit with reduced operations or suspended investments.

Portfolio Pulse from Natan Ponieman

July 24, 2023 | 8:45 pm

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