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

61.96

Mkt cap

121B

Volume

2.7M

High

62.42

P/E Ratio

21.80

52-wk high

67.49

Low

61.77

Div yield

0.01

52-wk low

45.94

American Rebel Holdings, Inc. (NASDAQ:AREB) has announced the initial shipment of its American Rebel Light Beer in 12oz and 16oz cans to Dichello Distributors, Inc., an Anheuser-Busch distributorship in Connecticut. This marks a significant step for American Rebel Beverages, LLC, as it expands its distribution network.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:13 pm

Anheuser-Busch is investing $16 million in its Los Angeles brewery to enhance capabilities and capacity, contributing to local economic growth. This is part of a broader $2 billion investment in U.S. facilities over the past five years.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:06 pm

Social Security payments are expected to increase by 2.5% next year, which may not be sufficient for seniors facing rising living costs. Retirement-oriented dividend stocks like Coca-Cola and Wells Fargo saw gains, while others had mixed performances.

Portfolio Pulse from Michael Juliano

September 16, 2024 | 6:43 pm

Matthew Tuttle's Tuttle Capital Management has launched two new ETFs: ESGX, focusing on companies prioritizing profits over ESG and DEI policies, and GUNZ, investing in self-defense-related companies. These ETFs offer investors alternatives to traditional ESG-focused investments.

Portfolio Pulse from Chris Katje

September 10, 2024 | 7:44 pm

Morgan Stanley analyst Sarah Simon maintains an Overweight rating on Anheuser-Busch InBev (NYSE:BUD) and raises the price target from $68.5 to $73.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:50 pm

Anheuser-Busch InBev (NYSE:BUD) is attempting to win back conservative consumers with a new Bud Light ad campaign featuring comedian Shane Gillis, targeting college football fans. This move follows a previous boycott due to a controversial partnership with trans activist Dylan Mulvaney.

Portfolio Pulse from Chris Katje

August 30, 2024 | 8:17 pm

Alimentation Couche-Tard Inc. has proposed a $31 billion buyout of Seven & I Holdings Co, the Japanese owner of 7-Eleven. This acquisition could shift 7-Eleven's ownership from Japan to Canada, making Alimentation Couche-Tard the world's leading convenience store operator. The deal could face regulatory scrutiny due to its scale.

Portfolio Pulse from Chris Katje

August 21, 2024 | 2:48 pm

Anheuser-Busch plans to lay off nearly 200 workers at its Medford, Massachusetts facility, with some employees potentially finding jobs under new ownership by Quality Beverage. The layoffs are part of a strategic transition to ensure long-term success and growth of Anheuser-Busch's brand portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:58 pm

Shares of companies within the consumer discretionary sector are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

Anheuser-Busch InBev (NYSE:BUD) reported strong Q2 2024 results with a 2.7% organic revenue growth to $15.333 billion, beating estimates. Despite a slight decline in total volumes, revenue per hl grew by 3.6%. The company's megabrand Corona saw a 5.6% growth outside its domestic market. Gross profit and EBITDA also saw significant increases. The company expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. BUD shares are trading higher by 2.37%.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 2:42 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.