From Morningstar: 2024-08-22 11:27:00

Heineken, a popular choice among Gold Medalist-rated portfolio managers, is trading at £67.99, below Morningstar’s Fair Value Estimate of £85.37. Despite selling 243 million hectolitres of beer in 2023, disappointing sales in the second quarter led to a slight volume increase below analyst forecasts. The company reported a loss on investments in China, yet revenue still increased by 2.2% to £15.2 billion in the first half.

Heineken’s premium portfolio, including brands like Lagunitas and Birra Moretti, holds a leading position in European markets. Heineken 0.0, the no-alcohol extension, has been a global success driving growth. With a quarterly dividend of 37 pence, investors remain positive about the stock’s potential.



Read more at Morningstar: Dividend Watch: Can Heineken Keep The Bubbles Flowing?