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

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

Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock prices. Notable changes include upgrades and downgrades for companies such as Avadel Pharmaceuticals, Noble Corporation, Anheuser-Busch InBev, Sea Limited, Viant Technology, American Airlines Group, The Chemours Company, Veeva Systems, Avidity Biosciences, and Genesco Inc.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:30 pm

TD Cowen analyst Vivien Azer maintains an Outperform rating on Anheuser-Busch InBev (NYSE:BUD) but lowers the price target from $67 to $65.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:48 am

Anheuser-Busch's shares dropped following a report of lower-than-expected Q4 revenue, along with a decline in total and own beer volumes.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:55 pm

Anheuser-Busch InBev SA/NV (NYSE:BUD) reported Q4 fiscal 2023 revenue of $14.473 billion, missing consensus estimates of $15.49 billion, with a 6.2% organic growth year-over-year. Total volumes declined by 2.6%, with own beer volumes down 3.6%. U.S. revenues fell 17.3% Y/Y, largely due to Bud Light's volume decline. Gross profit and normalized EBITDA saw organic growths of 5.3% and 6.2%, respectively. The company executed $870 million of its $1 billion share repurchase program. BUD shares dropped 3.28% to $60.40.

Portfolio Pulse from Akanksha Bakshi

February 29, 2024 | 4:05 pm

U.S. stock futures signal a cautious open amid inflation data anticipation, affecting market sentiment and specific stocks. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Various companies reported earnings, influencing their stock prices, including AMC Entertainment and c3.ai with significant movements. Upcoming economic data and Fed speeches are also in focus, potentially impacting market direction.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 11:22 am

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