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

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

Tyson Foods Inc (TSN) and Planet Fitness (PLNT) are facing boycott calls due to viral news stories, with Tyson accused of hiring migrant workers and Planet Fitness involved in a locker room incident. Tyson has refuted the claims, emphasizing its legal hiring practices and opposition to illegal immigration. Planet Fitness stands by its non-discrimination policy despite backlash. The impact of these boycotts on their revenue streams is uncertain, recalling Anheuser-Busch InBev's (BUD) experience with Bud Light.

Portfolio Pulse from Chris Katje

March 18, 2024 | 6:13 pm

Former President Donald Trump reversed his stance on banning TikTok, suggesting it would benefit Meta Platforms (META) and expressing a desire not to see Facebook prosper. This change follows the U.S. House's approval of a bill potentially banning TikTok. Trump's media company, set to merge with Digital World Acquisition Corp (DWAC), could benefit from a TikTok ban. Trump's reversal may also be influenced by his connection to Republican megadonor Jeff Yass, a significant ByteDance shareholder. Additionally, Trump's recent support for Anheuser-Busch (BUD) followed a similar pattern, raising questions about the motivations behind his public positions.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:32 pm

Anheuser-Busch Inbev SA (NYSE:BUD) stock fell by 5.45% to $61.03 after Altria Group Inc (NYSE:MO) announced plans to sell a portion of its investment in BUD through a global secondary offering. The sale includes public offerings in the US and other countries, a private placement in Europe and the UK, and a direct repurchase of $200 million of shares by ABI from Altria. Altria, holding about 10% of ABI, is offering 35 million ordinary shares, with the proceeds aimed at additional share repurchases of Altria's common stock.

Portfolio Pulse from Henry Khederian

March 14, 2024 | 3:57 pm

Altria Group, Inc. (MO) announced a $2.4B increase to its existing $1B share repurchase program following the sale of 35 million shares of Anheuser-Busch InBev SA/NV (BUD) for approximately $2.4B. The sale includes a direct repurchase by ABI of $200M of its shares from Altria. The expanded share repurchase program is expected to be completed by December 31, 2024. Altria also raised its FY24 EPS guidance to $5.05-$5.17 from an estimated $5.05, reflecting confidence in its future and the value of its shares. The transactions are expected to be accretive to Altria's 2024 full-year adjusted diluted EPS.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:00 pm

Anheuser-Busch Inbev's stock (BUD) is trading lower following Altria's announcement of its intention to sell a part of its investment in BUD.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:08 am

Hello Group Inc. (MOMO) reported Q4 financial results, surpassing earnings and sales estimates but saw its shares fall 19.1% in pre-market trading. Other stocks like Pagaya Technologies (PGY), Futu Holdings (FUTU), SentinelOne (S), UP Fintech Holding (TIGR), Nukkleus (NUKK), HUTCHMED (HCM), Applied Optoelectronics (AAOI), and Anheuser-Busch InBev (BUD) also recorded losses in pre-market trading due to various reasons including financial results, share offerings, and investment sales.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 9:52 am

Anheuser-Busch Inbev's stock (BUD) is trading lower following Altria's announcement of its intention to sell a part of its investment in BUD.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:56 pm

Altria Group, Inc. (MO) announced its plan to sell a portion of its investment in Anheuser-Busch InBev SA/NA (BUD) through a global secondary offering. The offering includes a public offering of BUD's ordinary shares and a $200 million direct share repurchase by BUD from Altria. Altria aims to sell 35 million of BUD's ordinary shares, with an option for underwriters to purchase an additional 5.25 million shares. The proceeds are intended for further share repurchases by Altria. This move is part of Altria's strategy to unlock the value of its investment in BUD, reflecting confidence in BUD's long-term strategies.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:19 pm

A Canadian study published in Drug and Alcohol Dependence found that legalizing cannabis led to a decline in beer sales, with an immediate drop of 96 hectoliters per 100,000 people and a further monthly decline of four hectoliters. Canada's excise tax revenue from cannabis in the 2022-23 fiscal year surpassed that from wine and beer combined. Tilray Brands (TLRY) acquired eight beer brands from Anheuser-Busch (BUD), positioning itself in both the beer and cannabis markets. Tilray's CEO plans to infuse these drinks with THC or CBD upon U.S. legalization.

Portfolio Pulse from Maureen Meehan

March 05, 2024 | 4:40 pm

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