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Marlboro maker sells $2.2bn stake in Budweiser owner
Proactive Investors· 2024-03-14 09:57
Marlboro cigarettes owner Altria Group Inc (NYSE:MO, ETR:PHM7) has unveiled plans to sell a US$2.2 billion stake in Budweiser brewer Anheuser-Busch InBev (NYSE:BUD). Dubbing the transaction “opportunistic”, Altria said 35 million shares in the brewing giant would be sold to fund its own future buybacks. This is of the 197 million shares held by Altria, equating to a 10% ownership stake in AB InBev. “We believe this is an opportunistic transaction that realises a portion of the substantial return on our long ...
Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev
Businesswire· 2024-03-13 20:15
RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) today announced its intent to sell a portion of its investment in Anheuser-Busch InBev SA/NA (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 i ...
Is It Worth Investing in Anheuser-Busch Inbev (BUD) Based on Wall Street's Bullish Views?
Zacks Investment Research· 2024-03-12 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Anheuser-Busch Inbev (BUD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Anheuser-Busch Inbev currently ...
ABInBev(BUD) - 2023 Q4 - Annual Report
2024-03-10 16:00
For information on how weather affects consumption of our products and the seasonality of our business, see "Item 5. Operating and Financial Review—A. Key Factors Affecting Results of Operations—Weather and Seasonality." 6. BREWING PROCESS; RAW MATERIALS AND PACKAGING; PRODUCTION FACILITIES; LOGISTICS Brewing Process The basic brewing process for most beers is straightforward, but significant know-how is involved in quality and cost control. The most important stages are brewing and fermentation, followed b ...
Is Doritos stock next to face a Bud Light style boycott?
Finbold· 2024-03-06 14:46
Bud Light garnered national attention when it faced a significant boycott due to its controversial partnership with transgender influencer Dylan Mulvaney. Now, Doritos, a subsidiary of PepsiCo (NASDAQ: PEP), appears to be on the verge of experiencing a similar backlash.Specifically, Doritos Spain ended their association with transgender influencer Iván González Ranedo, known by the stage name Samantha Hudson, following a wave of criticism. This occurred after the company faced significant backlash for shari ...
BUD Stock Reverses on Lower Bud Light Sales, Is the Bottom In?
MarketBeat· 2024-03-06 12:15
Key PointsAnheuser-Busch stock is down over 4% after mixed earnings reveal it still has a Bud Light problem. However, global revenue came in at an all-time high, which is a reminder that both sides of the boycott have a point.  Analysts are optimistic, but BUD stock will likely have to prove it can boost earnings before it can move higher.  5 stocks we like better than Anheuser-Busch InBev SA/NVAnheuser-Busch InBev NYSE: BUD is down about 4.25% a few days after it reported its fourth quarter and full-year 2 ...
What's Next For Anheuser-Busch InBev (BUD) Stock After A 7% Fall This Year Despite Q4 Earnings Beat?
Forbes· 2024-03-06 12:00
This July 21, 2008 photo shows barley growing in front of the Busch Agricultural Research facility ... [+] elevators in Fargo, ND. AFP PHOTO/Karen BLEIER (Photo credit should read KAREN BLEIER/AFP via Getty Images)AFP via Getty ImagesAnheuser-Busch InBev stock (NYSE: BUD) recently reported its Q4 results, with revenues falling short but earnings beating the street estimates. The company reported revenue of $14.5 billion and an adjusted profit of $0.82 per share compared to the consensus estimates of $15.3 b ...
Strong Buy Alert: Analysts Say to Scoop Up These 7 Stocks
InvestorPlace· 2024-03-05 19:41
The stock market keeps hitting new record highs almost every week. With sectors like semiconductors and AI taking off, the sky is the limit.But is it too late to get a bargain in this roaring market? Fortunately, there are still some great values out there. These are seven of the top undervalued stocks to buy now. All of these are 5-star stocks according to Morningstar’s analysts, which suggests these seven strong buy stocks have dramatic upside to fair value in the weeks and months to come.Estee Lauder (EL ...
7 Consumer Staples Stocks to Load Up on Amid Market Uncertainty
InvestorPlace· 2024-03-04 23:25
While the market continues to climb a wall of worries, it’s not a bad idea to consider diversifying into consumer staples stocks to  buy. No, the idea here isn’t necessarily to get rich off the ideas (though that would be nice). Instead, it’s to mitigate volatility risks.Sure, a broader downdraft tends to impact all securities. However, certain companies and industries should be able to withstand the pressure better than others. In particular, consumer staples stocks to buy offer a viable platform because o ...
Passive Income Investors Love The 5 Highest Yielding Dividend Kings
24/7 Wall Street· 2024-03-03 15:30
Passive Income Investors Love The 5 Highest Yielding Dividend Kings ptasha / iStock via Getty Images Over the last two years, interest rates have jumped from historical lows of literally 0% to the highest level since 2007 at 5.5%. 30-year FHA Mortgages have jumped from 2.65% in January of 2021 to the current 7.24% rate. During that period, any stock that was the least sensitive to interest rates got hammered, and the damage trail covered several sectors. While it was a tough stretch for shareholders, 2024 ...