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

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

Anheuser-Busch reported a decline in total volumes by 2.6%, with its own beer volumes decreasing by 3.6%. However, non-beer volumes saw an increase of 3%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:53 am

Anheuser-Busch InBev (NYSE:BUD) reported Q4 adjusted EPS of $0.82, beating estimates of $0.76, but missed sales estimates with $14.47B against the expected $15.31B. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:48 am

Anheuser-Busch InBev SA (NYSE:BUD) is set to report its Q4 earnings with analysts expecting a revenue of $15.50 billion, a slight decline from Q3's $15.57 billion but an increase from last year's $14.67 billion. Earnings per share are anticipated to be 78 cents, down from 86 cents in the previous year. The company aims for a full-year EBITDA growth of 4% to 8%. Analyst ratings are mixed, with a notable downgrade from Exane BNP Paribas and an upgrade from Jefferies. Jim Cramer prefers Constellation Brands (NYSE:STZ) over BUD, citing better growth opportunities. BUD's recovery from a boycott and its marketing strategies, including Super Bowl ads and sports sponsorships, are key points of interest for investors.

Portfolio Pulse from Chris Katje

February 28, 2024 | 7:11 pm

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting DigitalBridge Group's better-than-expected sales, Constellation Brands over Anheuser-Busch for its financials and potential wine business sale, and SoundHound AI as an Nvidia play. He also mentioned not being familiar with Pactiv Evergreen, which is expected to report its Q4 results soon. The article includes recent price actions for these companies.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:57 pm

Bud Light, a brand under Anheuser-Busch InBev (NYSE:BUD), experienced a sales slump despite a high-profile Super Bowl ad and an endorsement from former President Donald Trump. The brand has been struggling since a boycott last April led to a 30% decrease in sales. Efforts to recover, including increased marketing spending and public endorsements, have failed to significantly boost sales. Additionally, the International Brotherhood of Teamsters, representing 5,000 Anheuser-Busch employees, has threatened to strike, adding further pressure on the brand.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:28 am

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' recommending waiting to buy Walgreens Boots Alliance (WBA) and expressing interest in Constellation Brands (STZ) over other beer companies. He was uncertain about ZoomInfo Technologies (ZI) and First Watch Restaurant Group (FWRG), and suggested owning Bitcoin directly over investing in Marathon Digital Holdings (MARA). Walgreens is exploring a sale of its specialty pharmacy business, Shields Health Solutions. Marathon Digital's upcoming earnings report is anticipated, and First Watch reported positive sales growth. ZoomInfo exceeded fourth-quarter expectations.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 1:47 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.