Anheuser-Busch (BUD) pushed the SPDR Euro Stoxx 50 ETF (FEZ) up with a 1.5% gain. It’s a Belgium-based brewing company. The company produces, distributes, and sells ~200 beers and other beverage brands. The company operates in North America, Mexico, Latin America, Europe, and Asia Pacific.
Currently, the stock is trading at 118.10 euro. Its 52-week high is 119.65 euro. Its 52-week low is 85.63 euro. Its current PE (price-to-earnings) ratio is 21.38x. FEZ’s current PBV (price-to-book value) ratio is 4.25x. It has a dividend yield of 2.80%. It’s currently trading at 12.8%, 14.4%, and 6.4% above its 100-day, 50-day, and 20-day moving averages, respectively.
The stock rose 27% in the past year. In October, Anheuser-Busch declared the merger of its company with SABMiller. Since October 1, the stock rose and returned ~25%. The merger’s major term is that Anheuser-Busch will pay 44 pounds per share for SABMiller’s stock. Currently, SABMiller is trading at 4,015 pounds. The above graph shows Anheuser-Busch and SABMiller’s performance since October 1.
The significant companies in the banking industry like Unicredit (UNCFF), BNP Paribas, ING Groep (ING), Deutsche Bank (DB), and Banco Santander (SAN) returned -2%, -1.8%, -1.2%, 1.2%, and -0.8%, respectively. Unicredit fell the most.
Unicredit is an Italy-based banking institution. It focuses on retail banking, corporate banking, and investment banking. Currently, it’s trading at 5.41 euro. Its 52-week high is 6.61 euro. Its 52-week low is 4.82 euro. The stock yielded -15% over a six-month period. Barclays downgraded the stock to “underweight.” This news hammered the stock. It fell by 2%.
Next, we’ll analyze the Japanese equity market on November 20.