CG Stocks in Top Row! Anheuser Busch Inbev SA (BUD), Colgate-Palmolive (CL)
Shares of Anheuser Busch Inbev SA (ADR) (NYSE:BUD) ended Monday session in red amid volatile trading. The shares closed down -1.35 points or -1.16% at $115.49 with 2.37 million shares getting traded. Post opening the session at $115.57, the shares hit an intraday low of $114.27 and an intraday high of $115.65 and the price vacillated in this range throughout the day. The company has a market cap of $188.11 billion and the numbers of outstanding shares have been calculated to be 1.69 billion shares.
Anheuser Busch Inbev SA (ADR) (BUD) engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 200 beer brands, including Budweiser, Corona, Stella Artois, Becks, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. The company was founded in 1366 and is headquartered in Leuven, Belgium.
Shares of Colgate-Palmolive Company (NYSE:CL) ended Monday session in green amid volatile trading. The shares closed up +0.19 points or 0.27% at $71.36 with 2.79 million shares getting traded. Post opening the session at $71.28, the shares hit an intraday low of $71.02 and an intraday high of $71.69 and the price vacillated in this range throughout the day. The company has a market cap of $63.97 billion and the numbers of outstanding shares have been calculated to be 888.84 million shares.
Colgate-Palmolive Company (CL) reported worldwide Net sales of $3,867 million in third quarter 2016, a decrease of 3.5% versus third quarter 2015. Global unit volume decreased 4.0%, pricing increased 3.0% and foreign exchange was negative 2.5%. Excluding divested businesses and the impact of the previously disclosed deconsolidation of the Company’s Venezuelan operations, unit volume increased 1.5%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions, divestments and the deconsolidation of the Company’s Venezuelan operations) grew 4.5%.
Net income and Diluted earnings per share in third quarter 2016 were $702 million and $0.78, respectively. Net income in third quarter 2016 included $32 million ($0.04 per diluted share) of aftertax charges resulting from the Company’s Global Growth and Efficiency Program (the “2012 Restructuring Program”), a $63 million ($0.07 per diluted share) aftertax gain on the sale of land in Mexico, $22 million ($0.02 per diluted share) of benefits related to previously disclosed tax matters and an aftertax charge of $4 million ($0.00 per diluted share) for a previously disclosed litigation matter.