Why SABMiller (SBMRY) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of SABMiller plc (SBMRY) are down -2.26% to $51.36.

The brewer said it's considering options for its $1.04 billion stake in hotel and casino operator Tsogo Sun Holdings as it reported beer revenue that missed estimates, according to Bloomberg.

The 39.6% percent holding in the Johannesburg-based company is "not considered to be core to the beverage operations of SABMiller," the company said in a statement.

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SABMiller's revenue was up 3% for the year and up 2% in the fourth quarter. Both missed the median estimate of analysts for a 4% percent increase for both periods, Bloomberg noted.

SBMRY Chart

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