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

56.53

Mkt cap

110B

Volume

2.1M

High

56.55

P/E Ratio

17.58

52-wk high

67.49

Low

56.09

Div yield

0.01

52-wk low

55.43

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

Anheuser-Busch InBev reported Q3 adjusted earnings of $0.86 per share, beating the analyst consensus estimate of $0.83 by 3.61%. However, the company's quarterly sales of $15.57 billion missed the analyst consensus estimate of $15.71 billion by 0.89%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:49 am

Anheuser-Busch InBev (NYSE:BUD) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.83. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $52.83 and has seen a 5.7% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:00 pm

The third-quarter earnings season has been mixed, with some high-profile companies like Meta Platforms and Alphabet disappointing investors, while others like Microsoft and Amazon have calmed nerves with positive results. Energy giants Exxon Mobil and Chevron reported below-consensus earnings, dragging down the profit growth of S&P 500 companies. This week, tech companies like Apple, AMD, and Qualcomm are set to release their earnings, which could influence the near-term trajectory of the equity market. The market is also awaiting the Fed decision due Wednesday.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 7:40 am

Anheuser-Busch InBev's (NYSE:BUD) short percent of float has fallen 8.0% since its last report, with 3.96 million shares sold short, which is 0.23% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Anheuser-Busch InBev has less short interest.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 4:45 pm

Anheuser-Busch Inbev SA (BUD) has signed a multiyear marketing partnership with UFC, a mixed martial arts organization and part of TKO Group Holdings, Inc. (TKO). The deal makes Anheuser-Busch the 'Official Global Beer Partner of UFC' from January 1, 2024. The partnership will include 360-degree programming, custom social and digital content, broadcast integration, and on-site presence. Bud Light replaces Modelo, owned by Constellation Brands, Inc. (STZ), as UFC's beer sponsor.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 12:10 pm

UFC and Anheuser-Busch have entered into a new multiyear marketing partnership, effective from January 1, 2024. Anheuser-Busch will become the exclusive 'Official Beer Partner of UFC.'

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:02 pm

Digital freight startup Convoy, backed by prominent figures such as Bill Gates and Jeff Bezos, is suspending operations and considering selling its technology due to challenges in the freight market. The company's clients included Home Depot, Procter & Gamble, Unilever, and Anheuser-Busch Inbev.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 3:04 pm

Coca-Cola (KO) has announced a partnership with Pernod Ricard to launch Absolut Vodka & Sprite, a ready-to-drink pre-mixed cocktail, in 2024. This move is part of Coca-Cola's ongoing strategy to expand into the alcoholic beverage sector through partnerships with alcohol manufacturers. The company has previously partnered with Brown Forman, Constellation Brands (STZ), and Molson Coors Beverage Company (TAP). Coca-Cola's share price has fallen 3% over the last year and 14% year-to-date, while its rival PepsiCo (PEP) has seen a 7% decrease over the last year and 11% year-to-date.

Portfolio Pulse from Chris Katje

October 18, 2023 | 3:24 pm

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.