Report
Philip Gorham
EUR 100.00 For Business Accounts Only

Heineken Again Sets the Bar High in 1Q; Shares Fully Priced

Heineken is tracking ahead of our volume estimates for this year in every geographical segment except the Americas after a strong first-quarter trading update. We believe the firm increased volume at a rate above the market, in line with our narrow moat and positive moat trend ratings, which reflect Heineken's strengthening cost advantage over smaller competitors as its premium portfolio drives share gains over time. At this early stage in the year, however, we are maintaining our forecasts and ...
Underlying
Heineken N.V

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Philip Gorham

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