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Rating: SBMRY
Hold

SABMiller plc (ADR) (OTCBB: SBMRY) downgraded to Hold by Stifel

Tuesday,  Jan 12, 2016  8:25 AM ET by Dave Ficere

Stifel downgraded SABMiller plc (ADR) (OTCBB: SBMRY) to Hold.
Previously Stifel rated Buy SABMiller plc (ADR) (OTCBB: SBMRY) on 10/08/2013, when the stock price was $47.63.

SABMiller plc is a holding company, which has brewing and beverage interests across six continents. The principal activities of the Company and its subsidiaries are the manufacture, distribution and sale of beverages. Its brands include international beers, such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch along with local brands, such as Aguila, Castle, Miller Lite, Snow and Tyskie. The Company is one of the bottlers of Coca-Cola products. The Company?s markets range from developed economies, such as United States to markets, such as China and India. In March 2009, the Company acquired the remaining 50% interest in SABMiller Vietnam JV Company Limited, from its joint venture partner, Vietnam Dairy Products Joint Stock Company. As a result, SABMiller Asia BV is the sole shareholder in SABMiller Vietnam JV Company Limited. In February 2010, the Company acquired Rwenzori Beverages Ltd.

Stifel



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