Streetbeat News

BUD

Anheuser-Busch InBev SA/NV

Industry

Beverages - Alcoholic

Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.

Open

57.36

Mkt cap

111B

Volume

1.4M

High

57.53

P/E Ratio

17.90

52-wk high

67.49

Low

57.02

Div yield

0.01

52-wk low

56.43

Consumer staples stocks are up due to market strength following October's inflation data, which was less severe than anticipated.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:52 pm

Three consumer staples stocks, US Foods Holding Corp. (USFD), Anheuser-Busch InBev SA/NV (BUD), and RLX Technology Inc. (RLX), are showing overbought signals with RSI values above 70. USFD reported strong Q3 sales and market share gains, BUD reported a 5% sales growth but missed estimates, and RLX posted upbeat Q3 earnings. All three stocks saw slight increases in their share prices on Monday.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 12:58 pm

Investors have taken a bearish stance on Anheuser-Busch InBev (NYSE:BUD), with 72% of big-money traders showing bearish sentiment. Uncommon options trades for the company have been spotted, with 5 puts amounting to $622,675 and 6 calls amounting to $228,130. Whales have been targeting a price range from $50.0 to $80.0 for the company over the last 3 months. The company's trading volume stands at 2,037,213, with its price up by 1.15%, positioned at $60.0. The stock may be overbought according to RSI indicators.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:17 pm

Despite Bud Light's failed attempt to revive its brand, parent company AB InBev (NYSE:BUD) saw its stock rise by 5.26% following mixed earnings. The company also reaffirmed its guidance and announced a buyback. Portfolio Armor, who had bet against BUD, is now reviewing its process and adding a new metric, Chartmill’s Valuation Rating, to better assess future trades.

Portfolio Pulse from David Pinsen

November 01, 2023 | 4:55 pm

Anheuser-Busch Inbev SA (BUD) is recovering from a transgender-related controversy, with better than expected earnings and regained market share. Molson Coors Beverage Co Class B (TAP) initially benefited from the situation, but the advantage was temporary.

Portfolio Pulse from The Arora Report

October 31, 2023 | 7:50 pm

Anheuser-Busch reported mixed Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:05 pm

Anheuser-Busch InBev SA/NV (NYSE:BUD) reported Q3 FY23 sales growth of 5% YoY to $15.57 billion, missing the analyst consensus estimate of $15.73 billion. Total volumes declined by 3.4%, with own beer volumes down by 4% and non-beer volumes up by 1.4%. Revenue per hl grew 9%. The company had about 66% of revenue through B2B digital platforms and over $125 million revenue was generated by the digital direct-to-consumer ecosystem. BUD shares are trading higher by 4.09% at $56.24 in premarket on the last check Tuesday.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 11:51 am

U.S. stocks are expected to extend gains as the Federal Reserve's two-day monetary policy meeting begins. Smid-cap earnings have been better than expected, triggering a strong upward move in premarket trading. However, sentiment towards mega-caps remains muted. The Dow Industrials posted its biggest one-day advance since early June, with the S&P 500 moving out of correction territory. Analysts from LPL Financial expect a strong job market, cooling inflation, the end of Fed rate hikes, stable interest rates, and growing corporate profits to keep the bull market going. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.24% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.08%.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 11:44 am

AB InBev expects its FY23 EBITDA to grow between 4-8% and revenue to grow ahead of EBITDA. The company anticipates net finance costs to be in the range of $200M to $230M per quarter, with an average gross debt coupon of approximately 4%. The normalized ETR is expected to be between 27% and 29%. Net capital expenditure is projected to be between $4.5B and $5.0B.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:56 am

AB InBev reported a 3.4% YoY decline in total volumes for 3Q23, with own beer volumes down 4% and non-beer volumes up 1.4%. The decline was primarily due to performance in the US and a soft industry in Europe, despite growth in Middle Americas, Africa, and APAC regions.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:55 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.