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 ...

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 ...

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 ...

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 ...