Carlsberg AS

Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Tuborg Green, 1664 Blanc, Baltika, and Somersby Apple Cider. It operates through the following geographical segments: Western Europe, Asia, and Central and Eastern Europe. The company was founded by Jacob Christian Jacobsen in 1847 and is headquartered in Copenhagen, Denmark.

PepsiCo

FTSE 250-listed Pepsi producer Britvic PLC (LSE:BVIC) has agreed to be taken over by Carlsberg, the Danish brewery that makes ‘probably the best lager in the world'. Carlsberg's cash offer places a £3.1 billion valuation on Britvic, or £4.1 billion when including debt.

Carlsberg to fortify UK business with Pepsi maker Britvic takeover

British soft drinks maker Britvic said on Monday it has agreed to be taken over by Carlsberg for 3.3 billion pounds ($4.23 billion), after the Danish brewer sweetened its bid.

Soft drinks maker Britvic recommends $4.23 bln sweetened bid from Carlsberg

Britvic said on Tuesday it would suspend its 75 million pound ($95.24 million) share buyback in light of Danish brewer Carlsberg's proposal to buy the British soft drinks maker.

Britvic suspends share buyback after Carlsberg's takeover approach

Carlsberg is preparing an improved, third bid for Britvic PLC (LSE:BVIC), local reports have indicated, despite the negative share price reaction on Friday, of 9%, though this followed the shares rising to a new high on Thursday. Today the FTSE 250 drinks group's shares have hit a new all-time high of 1,214p, which is still below the 1,250p per share offer price from Friday.

Britvic shares pop as Carlsberg preps for new bid

Carlsberg has made a significant move in its attempts to acquire Britvic PLC (LSE:BVIC) by getting Pepsico, the soft drinks group's bottler, to waive a change of control clause in its contract. “This waiver will come into effect should an acquisition of Britvic by Carlsberg, which has the recommendation of Britvic's board, proceed to completion,” said the statement.

Brtitvic squeezed as bottler Pepsico reaches agreement with Carlsberg

Carlsberg said on Monday PepsiCo has agreed to waive a change of control clause in its bottling arrangements with Britvic , potentially removing a hurdle from the Danish brewer's path to bid for the British company.

PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 bln Britvic bid

Shares of Carlsberg experienced their most significant single-day decline in more than four years on Friday, following the announcement that British soft drinks maker Britvic had rejected the Danish brewer's £3.11 billion ($3.9 billion) takeover proposal. The refusal sent Carlsberg shares tumbling by 8.0% as of 10:21 a.m.

Carlsberg shares plunge after Britvic rejects $3.9 billion takeover bid

Britvic shares jumped on Friday on news the British soft- drinks seller turned down an unsolicited £3.1 billion ($3.9 billion) takeover offer from Danish brewer Carlsberg.

Britvic rejects $3.9 billion takeover offer from Carlsberg

Shares of Carlsberg were down by 8.7% at 09:04 a.m. London time, according to LSEG data.

Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer

Britvic PLC (LSE:BVIC) shares popped 21% after it was revealed it rejected a fresh takeover offer from Danish brewer Carlsberg worth around 1,250p per share, representing around a 20% premium to the drink maker's close on Thursday.  This offer follows an earlier proposal from Carlsberg 06 June 2024, which offered 1,200p per share, which the board claimed significantly undervalued the company and its prospects.

Brtivic shares rally as it rejects bids from Carlsberg

British soft drinks maker Britvic rejected a revised, unsolicited, possible cash offer from Carlsberg Group as the proposal undervalued the group and its prospects, it said on Friday.

UK's Britvic rejects revised takeover proposal from Carlsberg

Carlsberg (CABGY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Carlsberg (CABGY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Carlsberg (CABGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Carlsberg (CABGY) Upgraded to Buy: Here's What You Should Know

Diageo

Investors with an interest in Beverages - Alcohol stocks have likely encountered both Carlsberg AS (CABGY) and Diageo (DEO). But which of these two stocks is more attractive to value investors?

CABGY or DEO: Which Is the Better Value Stock Right Now?

Carlsberg has a strong growth outlook in key regions, particularly China and India, which should drive organic growth. Visible catalysts in Europe, such as warmer weather and upcoming sports events, are expected to drive volume recovery. Management guidance is conservative, and the historical track record suggests they tend to over-deliver.

Carlsberg: Strong Growth Momentum In Key Regions

Carlsberg launched a new $144 million share buyback and maintained its full-year guidance after seeing strong growth in its premium drinks, driven by key markets in Asia.

Carlsberg Buoyed by Growth in Asia

Russia's Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902.19 million), Russian court filings showed, as the two parties fight over the future of Russia's largest brewer.

Russia's Baltika sues Carlsberg subsidiaries for over $900 mln in damages

Carlsberg's unit in Kazakhstan has filed an appeal with a Russian court after the Danish brewer was banned from selling the Baltika beer brand of its former Russian partner in some international markets, court documents showed.

Carlsberg's Kazakh unit appeals Russian court ban on Baltika sales

I expect growth to revert back to mid single-digit as guided, with margin expansion and rerating of valuation. The company's revenue is split between Western Europe (50%), Asia (32%), and Central and East Europe (18%). Premiumization is a major trend that should continue to support higher pricing growth.

Carlsberg: Cheap Valuation With Positive Organic Growth Outlook

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Carlsberg AS (CABGY) or Diageo (DEO). But which of these two stocks offers value investors a better bang for their buck right now?

CABGY vs. DEO: Which Stock Is the Better Value Option?

Carlsberg A/S (CABGY) Q4 2023 Earnings Call Transcript

Beer sales of Carlsberg brands were forced to rely on price hikes during 2023 and may continue with this strategy in the new financial year, the Danish brewer revealed on Wednesday. Revenues 4.7% to reach more than DKK 73.5 billion (£1 = DKK 8.75) despite organic volumes falling by 0.5% across all operations.

Carlsberg price hikes likely to continue in 2024

Carlsberg targeted 1%-5% operating profit organic growth this year, and said it would step up investments in the Chinese and Vietnamese markets and its premium brands, expecting long-term revenue growth slightly higher than previously forecast.

Carlsberg Eyes Profit Growth as Inflation Eases

Here is how Carlsberg AS (CABGY) and Coca-Cola European (CCEP) have performed compared to their sector so far this year.

Is Carlsberg (CABGY) Stock Outpacing Its Consumer Staples Peers This Year?

Heineken NV

Diageo PLC (LSE:DGE), the spirits company, has been downgraded from a ‘buy' to ‘neutral' by analysts at the Bank of America. The US bank expects the beverage sector to face a tough 2024 due to suppressed consumer spend on both sides of the Atlantic, foreign exchange headwinds and the risk of tariffs on Cognac in China.

News for Carlsberg AS Stock (CABGY)