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

Anheuser-Busch InBev's (NYSE:BUD) union workers are prepared to strike if a new contract isn't reached by the end of February. The Teamsters union, representing 5,000 AB InBev workers, demands higher wages, better health and retirement benefits, and job security. Negotiations have been delayed on key issues, with 99% of union members voting in favor of a strike. The company has expressed a commitment to negotiate in good faith, but no further negotiation dates are set.

Portfolio Pulse from Benzinga Neuro

December 17, 2023 | 2:48 pm

Anheuser-Busch InBev (NYSE:BUD) has seen an 18.18% increase in short interest since the last report, with 4.45 million shares sold short, representing 0.26% of available shares. It would take about 3.74 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, BUD's short interest is below its peer group average of 5.36%. This suggests less bearish sentiment compared to its peers, and sometimes increasing short interest can be a bullish sign.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 8:30 pm

Kid Rock ended his boycott of Bud Light, owned by Anheuser-Busch InBev (NYSE:BUD), after previously protesting the brand's marketing decisions. The boycott, which included other figures, led to a significant sales decline for Bud Light, causing it to lose its title as America's bestselling beer. Anheuser-Busch has since launched ad campaigns targeting various fan bases and secured a partnership with UFC, replacing Modelo, owned by Constellation Brands, Inc. (NYSE:STZ). UFC CEO Dana White endorsed Bud Light, aligning it with patriotic values. Anheuser-Busch's stock has recovered, trading at $63.30, up 6% year-to-date.

Portfolio Pulse from Chris Katje

December 12, 2023 | 10:15 pm

Anheuser-Busch InBev (NYSE:BUD) has faced boycotts and backlash, impacting Bud Light sales. The company is now the official beer sponsor of CONMEBOL Copa America USA 2024 and has signed Lionel Messi as a brand ambassador to promote Michelob Ultra. Messi's influence has previously boosted brand awareness and sales for other entities, and Anheuser-Busch aims for similar results. The company has a history of sports sponsorships and partnerships to enhance brand appeal. BUD shares have risen 6% YTD, recovering from the boycott impact.

Portfolio Pulse from Chris Katje

December 09, 2023 | 3:35 pm

Morning Consult's annual survey lists the fastest growing brands in the U.S. for 2023, with ChatGPT leading overall and OpenAI ranking seventh. Technology and beverage brands dominate the lists, with notable mentions of Tesla, Meta Platforms, Alphabet, and Apple among various age demographics. PepsiCo's Starry and Zelle also feature prominently. The survey's results could indicate gaining consumer interest and potential market share increases for these companies.

Portfolio Pulse from Chris Katje

December 07, 2023 | 11:07 am

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying Vishay Intertechnology (VSH), Abbott Laboratories (ABT), and Moelis & Company (MC) citing their current low prices and high quality. He advised against investing in Riot Platforms (RIOT), suggesting owning Bitcoin directly instead, and recommended selling Anheuser-Busch InBev (BUD) in favor of buying Constellation Brands (STZ). Cramer also recommended staying away from Catalent (CTLT). The article includes recent price actions of these stocks.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 2:26 pm

Four consumer staples stocks are considered overbought based on their Relative Strength Index (RSI) values, which may concern momentum-focused investors. Anheuser-Busch InBev SA/NV (BUD) reported Q3 sales growth but missed estimates, with a RSI of 74.03. Kraft Heinz Company (KHC) announced a $3 billion share repurchase program, with a RSI of 72.09. Target Corporation (TGT) posted better-than-expected Q3 results, with a RSI of 72.90. BRF S.A. (BRFS) reported a Q3 loss, with a RSI of 74.07. All stocks have seen recent price increases but experienced slight declines or modest gains on the last trading day reported.

Portfolio Pulse from Lisa Levin

November 30, 2023 | 1:09 pm

JP Morgan analyst Celine Pannuti has maintained an Overweight rating on Anheuser-Busch InBev (NYSE:BUD) and increased the price target from $76 to $79, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:55 pm

Anheuser-Busch InBev's (NYSE:BUD) short interest has decreased by 14.29% since the last report, with 3.14 million shares sold short, representing 0.18% of available shares. The average time to cover these short positions is 1.48 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, BUD has a lower short interest as a percentage of float, with the peer group average at 5.42%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm

Consumer staples stocks are up due to market strength following October's inflation data, which was less severe than anticipated.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:52 pm

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