Core Viewpoint - The article emphasizes the appeal of stable dividend stocks during market volatility, suggesting that while they may be perceived as boring, they provide comfort and steady income for investors [1][3]. Group 1: General Mills (GIS) - General Mills is highlighted as a stable dividend stock with a forward yield of 3.47% [4]. - The company reported an average earnings per share (EPS) of $1.13, surpassing the expected $1.07, resulting in a 5.75% earnings surprise [5]. - GIS stock trades at 2.02X trailing-year sales, indicating modest movement, which aligns with the desire for stability [6]. Group 2: McDonald's (MCD) - McDonald's is presented as a strong candidate for stable dividend stocks, with a forward yield of 2.49% and a payout ratio of 57.18% [10]. - The stock is considered contextually undervalued, trading at 7.56X trailing-year revenue compared to 8.01X in the previous year [10]. - The company may benefit from labor market trends, as consumers return to office settings [9]. Group 3: Kenvue (KVUE) - Kenvue offers a forward dividend yield of 3.9%, although it has a high payout ratio, necessitating caution from investors [12]. - The company has shown increasing earnings surprises, with a 10.7% surprise in Q4 2023 and an 18.5% surprise in Q2 2024 [12]. - Kenvue's average EPS over the past year was 31 cents, beating the consensus of 28 cents by 10.3% [13]. Group 4: Anheuser-Busch (BUD) - Anheuser-Busch has a forward dividend yield of 1.44% and a low payout ratio of 30%, indicating sustainability [14]. - The stock has not moved significantly since September 2020, making it a stable option [14]. - Shares currently trade at 2X sales, with potential for growth as economic conditions evolve [15]. Group 5: Wheaton Precious Metals (WPM) - Wheaton Precious Metals offers a forward yield of 1.11%, with potential for capital gains due to its unique streaming business model [18]. - The company provides upfront capital to mining enterprises, which allows for better pricing predictability [17]. - The current market conditions may favor gold prices, enhancing Wheaton's appeal as a hedge against uncertainty [18]. Group 6: Keurig Dr Pepper (KDP) - Keurig Dr Pepper has a forward dividend yield of 2.49% and a payout ratio of 55.13%, suggesting income sustainability [21]. - The company posted an average EPS of 47 cents, beating the consensus of 45 cents by 3.15% [20]. - Analysts expect steady growth in earnings and sales for fiscal years 2024 and 2025 [21]. Group 7: Portland General Electric (POR) - Portland General Electric offers a robust forward dividend yield of 4.31% with a payout ratio of 66.15% [24]. - The company is positioned to benefit from demographic trends as millennials migrate to less crowded areas [23]. - Shares trade at 1.47X sales, which is a modest premium compared to the previous year's average of 1.39X [25].

Core Viewpoint - Anheuser-Busch InBev SA/NV (AB InBev) reported strong second-quarter 2024 results, with revenues and earnings exceeding expectations and showing year-over-year improvement, driven by robust consumer demand and a diversified market presence [1][2][3]. Financial Performance - The underlying EPS for Q2 2024 was 90 cents, a 25% increase from 72 cents in the same quarter last year, surpassing the Zacks Consensus Estimate of 84 cents [2]. - Revenues reached $15.3 billion, up 1.4% year-over-year, exceeding the Zacks Consensus Estimate of $15.2 billion, with organic revenue growth of 2.7% [3]. - The company achieved a 3.6% year-over-year improvement in revenue per hectoliter (hl) on an organic basis, although total organic volume declined by 0.8% [6]. Brand Performance - The megabrands, including Budweiser, Corona, Stella Artois, and Michelob Ultra, collectively grew by 3.3% year-over-year outside their home markets, with Corona leading at a 5.6% increase [7]. Digital Transformation - AB InBev's digital platforms, including BEES and Zé Delivery, contributed approximately 70% to revenues in Q2 2024, with BEES reaching 3.8 million monthly active users [8]. Cost and Expenses - The cost of sales decreased by 3.6% to $6.8 billion, while SG&A expenses rose by 2.3% to $4.8 billion [9]. - Normalized EBITDA was $5.3 billion, reflecting an 8% year-over-year increase, with an EBITDA margin expansion of 210 basis points to 34.6% [11]. Future Outlook - For 2024, AB InBev anticipates EBITDA growth of 4-8%, with net capital expenditures projected at $4-$4.5 billion, focusing on innovation and consumer-centric initiatives [13][14].

For the quarter ended June 2024, Anheuser-Busch Inbev (BUD) reported revenue of $15.33 billion, up 1.4% over the same period last year. EPS came in at $0.90, compared to $0.72 in the year-ago quarter. The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $15.21 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +7.14%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Anheuser-Busch InBev SA/NV (BUD) Q2 2024 Earnings Conference Call August 1, 2024 7:00 AM ET Company Participants Michel Doukeris - CEO Fernando Tennenbaum - CFO Conference Call Participants Edward Mundy - Jefferies Rob Ottenstein - Evercore ISI Sanjeet Aujla - UBS Olivier Nicolai - Goldman Sachs Andrea Pistacchi - Bank of America Chris Pitcher - Redburn Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Sarah Simon - Morgan Stanley Trevor Stirling - Bernstein Operator Welcome to AB InBev's Second Quar ...

Key Takeaways Anheuser-Busch InBev reported revenue up from last year despite a slight decrease in overall sales volume. Year-over-year sales fell in North America and the Asia Pacific region, but rose in the rest of the world. Revenue fell short of analysts' estimates, while underlying profit came in better than projections. Anheuser-Busch InBev (BUD) reported higher second-quarter sales and profit Thursday, despite lower total volume of its iconic beer brands. The Belgian brewer behind Budweiser and Miche ...

Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release second-quarter 2024 earnings on Aug 1. The leading alcohol beverage company is likely to register year-over-year revenue and earnings growth when it reports second-quarter 2024 results. The Zacks Consensus Estimate for AB InBev's second-quarter revenues is pegged at $15.2 billion, suggesting 0.6% growth from the year-ago quarter's reported number. For second-quarter earnings, the consensus mark is pegged at 84 cents per share, i ...

That was when Bud Light's marketing department decided to hire Mulvaney, the transgender social media influencer with millions of followers across TikTok and Instagram, to tout the brand as part of a special March Madness promotion. the transgender social media influencer, promoted Bud Light on her social media accounts. Evan Agostini/Invision/AP 4 Dylan Mulvaney, Mulvaney posted videos and images on her social media pages showing her brandishing a special, custom-made can of Bud Light with her image and li ...

Market Performance and Sales Impact - Bud Light lost $1.4 billion in U.S. beer sales last year following the controversy, and the company lost over $27 billion in value [3] - Bud Light's U.S. market share was slashed by half, with U.S. retailers reducing shelf space for the brand by up to 7.5% [3] - In the four weeks ending July 6, Bud Light fell to third place in U.S. beer sales with a 6.5% market share, behind Modelo (9.7%) and Michelob Ultra (7.3%) [7][14] Competitive Landscape - Modelo Especial, a brand under Constellation Brands, gained significant market share, overtaking Bud Light as the top-selling beer in the U.S. [3][7] - Michelob Ultra and Busch Light, both under Anheuser-Busch InBev, saw sales increases during the same period, despite Bud Light's decline [10] Brand Strategy and Recovery Efforts - Anheuser-Busch InBev is focusing on building momentum for Michelob Ultra through partnerships at Copa América and the Paris Olympics [3] - Bud Light is attempting to regain its lost audience, including plans for a new Super Bowl ad [8] - Donald Trump's unexpected endorsement of Bud Light ahead of the Super Bowl led to a 5% increase in AB InBev's shares [16] Historical Context and Controversy - Bud Light's partnership with transgender influencer Dylan Mulvaney sparked a boycott, leading to a political crisis and accusations of abandoning its core customer base [15] - The controversy resulted in a significant hit to Bud Light's brand reputation and sales in the U.S., with conservatives celebrating the boycott [15]

BUD has been investing in developing a diverse portfolio of global, international crafts and specialty premium brands in its markets. Notably, the company's global brands lead the way in premiumization. BUD's above-core portfolio has been performing well for a while now. Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, has seen its shares rise in the past three months ahead of its industry peers and the broader sector. The momentum in the share price results from the company's undaunted focus on lifting i ...

This July 21, 2008 photo shows barley growing in front of the Busch Agricultural Research facility ... [+] elevators in Fargo, ND. (Photo credit should read KAREN BLEIER/AFP via Getty Images) AFP via Getty Images The stock price of Anheuser-Busch InBev (NYSE: BUD) trades at $60 per share, about 25% below its peak level of around $80 seen in mid-June 2021. In contrast, its peer Diageo stock (NYSE: DEO) saw a 35% decline over this period. BUD stock was trading at $55 in early June 2022, just before the Fed st ...