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

U.S. stocks are set for a mixed open amid mixed earnings and anticipation of Federal Reserve officials' speeches. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed slight premarket movements. Arista Networks (ANET) saw a significant premarket jump following its earnings announcement, while other companies like Electronic Arts (EA) and Coupang (CPNG) experienced declines. The market's focus remains on central bank officials' comments on rates and inflation, with traders hopeful for rate cuts.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 11:13 am

Anheuser-Busch Inbev's stock (BUD) is trading higher after the company reported earnings for the first quarter that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:08 am

Anheuser-Busch InBev (BUD) projects its EBITDA growth for 2024 to align with its medium-term forecast of 4%-8%, anticipating capital expenditures of $4B-$4.5B. The company's outlook accounts for current inflation and macroeconomic conditions, with net finance costs expected to range between $220M-$250M per quarter. The average gross debt coupon is projected at about 4%, and the effective tax rate is forecasted to be 27%-29%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:53 am

Anheuser-Busch InBev reported a 0.6% decline in Q1 total volumes, with its own beer volumes decreasing by 1.3% and non-beer volumes increasing by 3.5%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:50 am

Anheuser-Busch InBev (NYSE:BUD) reported Q1 2024 adjusted EPS of $0.75, surpassing the $0.67 estimate, and sales of $14.547B, exceeding the $14.415B estimate. This represents a 15.38% increase in EPS and a 2.35% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:47 am

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Boston Beer Co (NYSE:SAM) reported Q1 financial results surpassing analyst expectations with net revenue of $426.1 million, a 3.1% increase over estimates, and EPS of $1.04, significantly above the 9 cents estimate. The company's success is partly attributed to a backlash against Anheuser-Busch Inbev (NYSE:BUD) by conservative beer drinkers. Despite concerns of THC cannibalizing alcohol sales, both Boston Beer and Tilray Brands Inc. (NASDAQ:TLRY) have seen growth in their alcohol segments, with Tilray's alcohol revenue jumping 117% to $47 million. Boston Beer continues to explore the cannabis beverage market with products like Teapot, Canada's premier cannabis tea brand, while other beer giants like Molson Coors Beverages Co. (NYSE:TAP) have exited cannabis ventures.

Portfolio Pulse from Anthony Noto

April 26, 2024 | 6:58 pm

Constellation Brands (NYSE:STZ) reported a strong fourth quarter, driven by its beer segment's growth, offsetting weakness in wine and spirits. Revenue reached $2.3 billion, with earnings per share at $2.26, both surpassing estimates. Modelo Especial became the top beer in U.S. dollar sales. Full-year net sales rose 5%, with net income up 12%. The company raised its full-year earnings and sales forecasts, expecting beer sales to grow by 10%. Anheuser Busch InBev SA (NYSE:BUD) saw a drop in North American beer sales but growth in non-alcoholic beer, reflecting a shift towards health-conscious consumer behavior.

Portfolio Pulse from Upwallstreet

April 15, 2024 | 1:52 pm

Analyst Michael Lavery of Piper Sandler initiated coverage on Molson Coors Beverage Co (TAP), Boston Beer Company Inc (SAM), and Constellation Brands, Inc. (STZ), with varying ratings. TAP received a Neutral rating with a $69 price target, SAM was rated Overweight with a $350 target, and STZ also Overweight with a $300 target. Lavery highlighted TAP's market share gain and potential for margin expansion despite ongoing strikes. SAM's growth is expected from Twisted Tea and Hard Dew, with optimism for gross margin expansion. STZ is seen to benefit from U.S. market share gains in Mexican imports and has invested significantly in R&D, aiming for higher operating margins.

Portfolio Pulse from Priya Nigam

March 22, 2024 | 3:33 pm

Altria has initiated $2.4 billion in accelerated share repurchase transactions following the closure of its offering of Anheuser-Busch InBev stock. This move is part of Altria's strategy to return value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 8:17 pm

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