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

Constellation Brands Inc (NYSE:STZ) reported Q3 earnings with a rise in net income to $509.1 million but cut its full-year EPS guidance due to a sales forecast miss and challenges in the wine market. Modelo Especial's growth was a highlight, while the wine and spirits segment saw a decline in sales and shipments. STZ shares rose 2.79% to $249.08 at the time of reporting.

Portfolio Pulse from Patricio Liddle

January 05, 2024 | 5:39 pm

As the New Year begins, investors may consider the impact of resolutions on fitness and health-related stocks. Planet Fitness (PLNT) saw a 0.7% increase, while Anheuser-Busch Inbev (BUD) fell 0.5% on the first trading day of 2024. Historical data shows mixed results for stocks like W.W. International (WW) and Peloton (PTON), with no clear trend correlating New Year resolutions to sustained stock performance. Pharmaceutical companies like Novo Nordisk (NVO) and Eli Lilly (LLY) have seen significant gains due to their weight loss drugs, with shares up 50.7% and 60.7% respectively in 2023.

Portfolio Pulse from Neil Dennis

January 02, 2024 | 5:58 pm

Analysts have upgraded Spotify Technology (SPOT), Anheuser-Busch Inbev SA (BUD), and Restaurant Brands International Inc. (QSR) despite concerns of a potential recession in 2024. Spotify's strong financials and workforce reduction are expected to drive profitability, with Pivotal Research and Rosenblatt Securities setting price targets of $265 and $300, respectively. Anheuser-Busch is recovering from a sales decline due to a controversy, with JPMorgan setting a price target of $79. Restaurant Brands is expected to see increased revenue from holiday sales, with RBC Capital and BMO setting price targets of $87 and $85, respectively.

Portfolio Pulse from Aditi Ganguly

January 01, 2024 | 3:00 pm

Anheuser-Busch InBev's (NYSE:BUD) short interest has decreased by 23.08% since the last report, with 3.46 million shares sold short, representing 0.2% of available shares. The average time to cover these short positions is 2.38 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. BUD's short interest is below its peer group average of 4.80%.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 3:00 pm

The most-read cannabis stories of 2023 on Benzinga included a range of topics from the benefits of cannabis for aging brains, political shifts towards legalization, and high-profile celebrity endorsements. Key highlights include a study suggesting cannabis does not negatively impact cognition in older adults, Elon Musk's comments on psychoactive drugs, a man ditching morphine for marijuana to alleviate arthritis, Aleafia Health's expansion into Europe's medical cannabis market, a pathogen threatening California's cannabis crops, Florida's telehealth renewals for medical marijuana, GOP senators admitting legalization impacts drug cartels, Tilray's acquisition of beer brands from Anheuser-Busch, Snoop Dogg's anti-Trump TikTok video, Georgia's medical cannabis sales in pharmacies, and Ohio's GOP-led Senate approving expanded marijuana legislation.

Portfolio Pulse from Nina Zdinjak

December 28, 2023 | 2:54 pm

Anheuser-Busch InBev SA (NYSE:BUD) has agreed to transfer its stake in a Russian joint venture to Anadolu Efes, a Turkish partner, without immediate payment. Future compensation will depend on the venture's performance, with the transaction valued between $1.1 billion and $1.3 billion. This divestment is part of a broader trend of European companies leaving Russia due to geopolitical tensions. Carlsberg A/S (OTC:CABGY) and Heineken N.V. (OTC:HEINY) have also exited the Russian market, with Carlsberg's local unit seized by Russia and Heineken selling its business at a loss. BUD shares saw a slight increase of 0.30% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 11:48 am

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

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