Heineken Holding N.V.

Heineken Holding is a holding company based in the Netherlands. Through its subsidiaries, Co. promotes the continuity, independence and stability of the Heineken group. This creates the conditions which enable Heineken N.V. to pursue its long-term policy in the interest of the shareholders, the staff and other stakeholders. Co. does not engage in operational activities itself. These have been assigned within the Heineken group to Heineken N.V. and its subsidiaries and associated companies. Through Heineken N.V., Co. is involved in the brewing and selling of beer.
  • TickerHEIO
  • ISINNL0000008977
  • ExchangeEuronext Amsterdam
  • SectorBeverages
  • CountryNetherlands
Nikolaas Faes

HEINEKEN: Reiterating the sell case | SELL | EUR80(-16%)

HEINEKEN - SELL | EUR80(-16%) Reiterating the sell case Heineken is not a growth company Continued value destruction with ROIC

Michiel Declercq

Holdings Update Post April 2021

Over the past month, our holding coverage returned 3.8%, outperforming the n100 index by 0.8%. The result was largely driven by the non-monoholdings, who returned 4.6% on average, versus 1.9% for the mono-holdings. Since the start of the year, our holding coverage is up 12.6%, outperforming all our reference indices. For the non-monoholdings, the return was even close to 16%. The best performers this month were: Quest for Growth (+12.6%), Sofina (+9.7%) and D'Ieteren (+8.2%).

With a more favourable environment, HEINEKEN HOLDING improves to Slightly Positive

HEINEKEN HOLDING (NL), a company active in the Brewers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 23, 2021, the closing price was EUR 76.85 and its potential was estimated at EUR 87.04.

Michiel Declercq

Holdings Update Post February 2021

Our holding coverage performed well over the past month with an average return of 5.0%, outperforming the n100 index by 2.5%. Since end-December our holding coverage is up 6.4%, in line with the n100 (+6.6%) and BEL20 (+6.9%) indices, but slightly below the Eurostoxx50 (+8.0%). The solid performance over the past month was, besides the overall positive stock market sentiment, driven by strong results. As such, nearly all of our holdings published FY20 results in February/March. The better than expected numbers were especially driven by an outstanding performance of the private assets.

Nikolaas Faes

HEINEKEN: Disappointing 2020 results and uninspiring 2023 outlook | SELL | EUR80(-10%)

HEINEKEN - SELL | EUR80(-10%) Disappointing 2020 results and uninspiring 2023 outlook 2020 results: not good Outlook: uninspiring Stepping up sustainability efforts Highlights from the 2020 results

Heineken Holding N.V.: 1 director maiden bought

A director at Heineken Holding N.V. maiden bought 3,719 shares at 67.220EUR and the significance rating of the trade was 77/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The...

Nikolaas Faes

HEINEKEN: Reiterating the sell case | SELL | EUR80(-16%)

HEINEKEN - SELL | EUR80(-16%) Reiterating the sell case Heineken is not a growth company Continued value destruction with ROIC

Michiel Declercq

Holdings Update Post April 2021

Over the past month, our holding coverage returned 3.8%, outperforming the n100 index by 0.8%. The result was largely driven by the non-monoholdings, who returned 4.6% on average, versus 1.9% for the mono-holdings. Since the start of the year, our holding coverage is up 12.6%, outperforming all our reference indices. For the non-monoholdings, the return was even close to 16%. The best performers this month were: Quest for Growth (+12.6%), Sofina (+9.7%) and D'Ieteren (+8.2%).

Michiel Declercq

Holdings Update Post February 2021

Our holding coverage performed well over the past month with an average return of 5.0%, outperforming the n100 index by 2.5%. Since end-December our holding coverage is up 6.4%, in line with the n100 (+6.6%) and BEL20 (+6.9%) indices, but slightly below the Eurostoxx50 (+8.0%). The solid performance over the past month was, besides the overall positive stock market sentiment, driven by strong results. As such, nearly all of our holdings published FY20 results in February/March. The better than expected numbers were especially driven by an outstanding performance of the private assets.

Nikolaas Faes

HEINEKEN: Disappointing 2020 results and uninspiring 2023 outlook | SELL | EUR80(-10%)

HEINEKEN - SELL | EUR80(-10%) Disappointing 2020 results and uninspiring 2023 outlook 2020 results: not good Outlook: uninspiring Stepping up sustainability efforts Highlights from the 2020 results

Michiel Declercq

Holdings Update Post January 2021

After a volatile start of the year, our Holdings coverage returned -0.7% YTD, a near 2% underperformance vs the BEL20 index but roughly in line with the Eurostoxx50 (-0.9%) and n100 index (-0.6%).

Expert Corporate Governance Service (ECGS)

Heineken Holding NV - 25 April AGM

In general, Heineken Holding is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.  Under ITEM 7a, it is proposed to re-appoint Ms. Charlene de Carvalho-Heineken as Member of the board of directors. Ms. de Carvalho-Heineken is NOT considered independent as she is an executive member of the board as well as a representative of major shareholder L'Arche Green N.V. The independence ratio on the board will under normal circumstances only be 13%, indicating that there is insufficient independent representation on the board. In view o...

Heineken – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 19/04/2018

We note that shareholders are not requested to vote on the proposed dividend in this meeting. We consider this to be deviating from market practise and we urge the Company to put proposed dividend up for shareholders approval. Under agenda item 8, it is proposed to amend the Articles of Association of the Company. The proposal to amend the Articles of Association is in particular driven by the wish to abolish the priority shares from the capital structure of Heineken Holding N.V. and brining the Articles of Association in line with the Code and current provisions in statutory Dutch law. Altho...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Oussema Denguir
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/31/2018

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Oussema Denguir
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/07/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Pierre Tegner
  • Sven Edelfelt
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/30/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Pierre Tegner
  • Sven Edelfelt
  • Vincent Maulay
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/07/2018

...

Fatma Agnès Hamdani ...
  • Johanna Jourdain
  • Matthias Desmarais
  • Oussema Denguir
  • Pierre Tegner
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/10/2018

The market will be tempted to play a 40bp contraction (i.e. 5% on the basis of share prices on 6 July) in the risk premium linked to the temporary allaying of concerns about political risk in Europe and a trade war. Opt for 1/ the oil sector, via integrated oil companies, for which 2018 growth is visible (+39% estimated), accelerating and for which the valuation remains reasonable (P/CF 5.9x) and 2/ “defensive” segments overlooked during the period of market stress: food and beer for...

With a more favourable environment, HEINEKEN HOLDING improves to Slightly Positive

HEINEKEN HOLDING (NL), a company active in the Brewers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 23, 2021, the closing price was EUR 76.85 and its potential was estimated at EUR 87.04.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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