E I I I 11 11 1 monticelllo Thesis Overview Anheuser-Busch InBev SA/NV (BUD), the world's largest conglomerate of breweries, reported Q2-2024 earnings on August 1st. In this article, I will discuss these figures against the backdrop of AB InBev's long-term positioning. I typically rate stocks as Hold/neutral, even when my inclination is bullish or bearish. This is because my articles primarily are intended to provide food for thought to help you make your own decisions. Nevertheless, I usually share my pers ...

As the dark clouds of a potential recession loom on the horizon, investors are scrambling to find safe havens for their hard-earned money. While it's true that most stocks tend to suffer during economic downturns, there are always a few outliers that manage to defy the odds and emerge stronger than ever. However, before you rush to invest in the first "recession-proof" stock you come across, let me offer a word of caution. Just because a company weathered the storm in the past doesn't guarantee it will do s ...

We are currently in the midst of a correction, a downturn and potentially a recession. Whatever it is, volatility remains high. Investors have engaged in a broad market sell-off over the last month or so. Although there have been some signs of a rebound, Many continue to worry that a market crash is looming. Given that those fears continue to run high, it makes sense to do as much as possible to recession-proof your portfolio and move into safer stocks. Measures of overall market fear indicate that a shift ...

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 ...