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Altria to Significantly Enhance Cash Returns to Shareholders Through Expanded Share Repurchase Program in Connection with Pricing of Offering of Anheuser-Busch InBev Stock; Raises 2024 Full-Year Earnings Guidance
Businesswire· 2024-03-14 13:56
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 ...
Is Altria Giving Up on Anheuser-Busch (BUD) Stock?
InvestorPlace· 2024-03-14 13:43
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 ...
Dylan Mulvaney says she tried to ‘fix' the Bud Light boycott by pitching ad where a cowboy and trans person share a beer
New York Post· 2024-03-14 13:17
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 ...
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 ...