One of the best ways to support portfolio growth is to invest in high-quality dividend stocks. But with so many dividend stocks, trying to choose the best opportunity can be daunting.Recent moves from management could suggest that Altria (MO -2.25%) is a good buy right now. Let's find out if the stock is undervalued and assess if Altria deserves a spot in your portfolio.Big tobacco is at a crossroadsFor the 12 months ended Dec. 31, 2023, the cigarette industry at large experienced an 8% volume decline. On t ...

One year ago, Anheuser-Busch InBev (NYSE: BUD) – Bud Light when translated into regular English – faced a severe backlash after an ill-conceived marketing campaign featuring Dylan Mulvaney, a trans influencer.The campaign turned into a controversy which, in turn, led to a boycott that caused – at one point – a stock market bloodbath that saw BUD fall from about $64 in April to approximately $55 in September. While the boycott persisted into the fourth quarter of 2023, a surprisingly strong earnings report r ...

The latest trading session saw Anheuser-Busch Inbev (BUD) ending at $59.29, denoting a -1.3% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.2%.Coming into today, shares of the brewer had lost 5.58% in the past month. In that same time, the Consumer Staples sector gained 1.81%, while the S&P 500 gained 5.11%.The investment community will be paying ...

These are three St. Patrick’s Day stocks for investors to add to their portfolios. I believe these companies will see a boost in sales and consumer interest around the March 17th holiday celebrating Irish culture.However, I don’t expect them to be simply short-term performers. While the festive St. Patrick’s Day period provides an annual revenue tailwind, the companies I’ve identified have solid, long-term fundamentals and growth strategies that make them attractive holdings year-round.What’s better is thes ...

RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) today announces that we entered accelerated share repurchase (ASR) transactions under separate agreements with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024, to repurchase $2.4 billion of our common stock. Under the terms of the ASR agreements, on March 19, 2024, we received an initial share delivery of approximately 85% of the shares to be repurchased, based on the closing price per share of our common stock on ...

Altria (MO 1.28%) is pouring out some of its Anheuser-Busch InBev (BUD -5.50%) stock. The move is leaving BUD holders with a bad taste in their mouth, sending shares of the spirits maker down 5% as of 11:30 a.m. ET.Trading drinks for tobaccoAltria, the global tobacco giant, has been a major shareholder of beer and spirits maker Anheuser-Busch InBev for nearly a decade, having acquired cash and shares as part of AB InBev's 2016 acquisition of SABMiller.Late Wednesday, Altria announced plans to raise more tha ...

Anheuser-Busch InBev Budweiser and Bud Light brand beer cans at a store in Queens borough of New York, US, on Wednesday, Feb. 28, 2024.Shares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension amid emerging details of a sale by one of its major stakeholders.Trading was suspended Thursday morning at the request of Belgium's Financial Services and Markets Authority (FSMA) after U.S. tobacco giant Altria said Wednesday that it would cut its ap ...

RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) today announced that it has agreed to sell 35 million shares of Anheuser-Busch InBev SA/NV (ABI) (NYSE: BUD) (Euronext: ABI) (MEXBOL: ANB) (JSE: ANH) through a global secondary offering (offering) comprised of a public offering of ABI ordinary shares represented by American depositary shares (ADS) in the United States, a public offering of ABI ordinary shares in the United States, a concurrent private placement of ABI ordinary shares in ...

Anheuser-Busch (NYSE:BUD) stock is in the news Thursday as investors react to news of tobacco company Altria (NYSE:MO) selling a portion of its stake in the beer manufacturer.Altria has announced that it will be selling 35 million shares of BUD stock. This offering will also allow underwriters to acquire another 5.25 million shares within 30 days of the sale.Altria notes that it intends to use the funds from this BUD stock offering to repurchase shares of its own stock. To go along with this, Anheuser-Busch ...

Transgender social media star Dylan Mulvaney revealed that she pitched a “Western commercial” to Bud Light where a cowboy and a trans person share a beer — but the company “didn’t reach out.”“I think humor can be very healing, and I think it can appeal to both sides,” Mulvaney said of her “idea of how to fix last year’s situation” during a panel titled “When Beer Goes Viral” at South by Southwest.Mulvaney’s appearance at the festival in Austin on Sunday was one of the only times she spoke on her ill-fated t ...