The purchase of Starbucks' consumer products lineup is strategically a net positive but neutral to our valuation.
A first-quarter volume miss in Heatsticks doesn't dim the prospects of the wide-moat firm.
Organic growth remains well below the levels being achieved by other large-cap consumer staple multinationals.
The market's fascination with heated tobacco has left this company unloved.
We regard this as essentially a nonevent from a valuation perspective, and we remain constructive on the company.
Good year-end results are evidence of AB InBev’s strong competitive positioning.
The wide-moat firm's sale of its U.S. confectionary business is part of a larger plan of portfolio repositioning.
We are retaining our $126 fair value estimate and our wide moat rating.
The wide-moat firm's organic sales growth is on track to meet our estimates this year, but that's still lower than we'd expect to see.