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Why Investors Are Downing Anheuser-Busch InBev Stock Today
BUDABInBev(BUD) The Motley Fool·2024-03-14 15:51

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 ...