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"TAP: World's 5th largest brewery trading 6.4x forward FCF ($1.3B guided) w/ 4.26% yield. Market share gained to 15.2% from 13.4%, debt cut from $12B to $6.5B since 2016. Aggressive buybacks (share count down 200M to 185M in 20 months). New CEO Goyal starts Oct 1. Compared to BTI value play."
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