Anheuser-Busch InBev SA/NVNYSE: BUD

BUD invests $14 million in its Houston brewery. Pricing actions, ongoing premiumization and other revenue-management initiatives have been drivers.

Leading Domestic Manufacturer and Brewer Continues Ongoing Investments in its Communities, Building on $2 Billion Spend Over Last 5 Years    HOUSTON , Nov. 20, 2024  /PRNewswire/ -- Anheuser-Busch (NYSE:BUD), a leading domestic manufacturer and brewer of Michelob ULTRA, Busch Light, Budweiser, and Bud Light, today announced a new $14 million investment in its Houston brewery. Over the last 5 years, Anheuser-Busch has invested nearly $2 billion in its facilities across the country to help create and sustain jobs and drive economic prosperity in the communities where it operates and its employees call home.

Anheuser-Busch InBev SA/NV is a mid-level play with higher valuation and growth expectations, while Molson Coors Beverage Company is a value play with lower valuation and growth expectations. Both BUD and TAP are reasonably valued relative to forward EPS growth, but both risk becoming value traps. Our analysis suggests key support levels for BUD at $54 and a potential upside for TAP to $80-$82 if current support holds.

Anheuser-Busch InBev (BUD) CEO Michel Doukeris sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss how the company behind popular beer brands like Budweiser, Bud Light, and Busch is navigating the changing beverage space. "Our company historically grew through acquisitions, and beer consolidated somehow through acquisitions, as did many other sectors.

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Anheuser-Busch InBev stock (NYSE: BUD) recently reported its Q3 results, with revenues falling short but earnings exceeding the street estimates. The company reported revenue of $15.05 billion and an adjusted profit of $0.98 per share, compared to the consensus estimates of $15.57 billion and $0.89, respectively.

BUD posts solid earnings results in third-quarter 2024. Organic revenues rise 2.1%, led by the ongoing premiumization and higher revenue per hectoliter.

24/7 Wall St. Insights While much lower than June of 2022, inflation continues to hammer consumers.

Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Michel Doukeris - Chief Executive Officer Fernando Tennenbaum - Chief Financial Officer Conference Call Participants Robert Ottenstein - Evercore ISI Edward Mundy - Jefferies Sanjeet Aujla - UBS Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Chris Pitcher - Redburn Atlantic Simon Hales - Citi Andrea Pistacchi - Bank of America Celine Pannuti - JPMorgan Operator Welcome to AB InBev's Third Quarter 2024 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr.