AB InBev Upgraded to Buy Rating as Margins Seen Improving Despite Bud Light Struggles

Margins at Bud Light parent AB InBev are at an inflection point as cost pressures ease, according to BofA analysts.
BofA upgraded AB InBev stock from Neutral to Buy, seeing improved profit growth potential.
Bud Light sales still down over 28% after transgender ad backlash, ceding top U.S. beer spot to Modelo.
AB InBev earnings beat expectations last quarter, but volume declines continue amid crucial NFL season.
AB InBev stock down nearly 8% year-to-date, but BofA sees earnings visibility with Latin America exposure.

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Relevant topic timeline:

8/3/2023

Bud Light sales plunged after boycott over campaign with transgender influencer, company reveals

Main Topic: Anheuser-Busch Inbev reports drop in U.S. revenue in Q2 due to decline in Bud Light sales and backlash over partnership with transgender influencer. Key Points: 1. U.S. revenue declined by 10.5% in Q2 primarily due to volume decline of Bud Light. 2. Bud Light loses its position as America's best-selling beer after more than two decades. 3. Overall revenue for the company rose 7.2% in Q2, driven by global brands like Stella Artois and Corona.

9/6/2023

Bill Gates made a nearly $100 million bet on Bud Light

The Bill and Melinda Gates Foundation Trust purchased 1.7 million shares of Anheuser-Busch, valued at around $95 million, indicating Bill Gates' confidence in the beer company despite its recent sales slump and controversies.

9/20/2023

Anheuser-Busch InBev Stock Falls Slightly Despite Outperforming Broader Market

Anheuser-Busch InBev ADR BUD falls for the second consecutive day amid a rough trading session for the stock market.

9/25/2023

Anheuser-Busch InBev Stock Slides for 5th Day Despite Broader Market Gains

Anheuser-Busch InBev ADR slides 2.20% as stock market sees overall gains, marking the ADR's fifth consecutive day of losses.

9/29/2023

Anheuser-Busch InBev Remains Deep Value Despite Macroeconomic Headwinds

This article discusses Anheuser-Busch InBev (BUD) as the primary stock. The author gives a Strong Buy recommendation for BUD. The key points mentioned in the article include: - AB InBev's status as the world's largest brewery selling over 500 different brands of beers. - The firm's cost advantages and operational excellence compared to its competitors. - The acquisition history and expansion strategy of AB InBev. - The economic moat of the company through tangible cost advantages and a diverse portfolio of brands. - The company's financial performance and profitability. - The macroeconomic conditions and challenges AB InBev faces, including inflation and competition. - The undervaluation of AB InBev's stock. - The author's recommendation for AB InBev as a long-term investment.

10/2/2023

Tilray Acquires 8 Beer and Beverage Brands from Anheuser-Busch, Becomes 5th Largest U.S. Craft Brewer

Canadian cannabis company Tilray Brands has completed its all-cash transaction to acquire several beer and beverage brands from Anheuser-Busch, making it the fifth largest craft beer business in the U.S. and increasing its market share in the U.S. Craft Beer Market to 5%.

10/10/2023

Anheuser-Busch InBev Stock Rises 2% But Remains Well Below Yearly Highs

Anheuser-Busch InBev's stock rallied 2.09% as the stock market had a favorable trading session, with the S&P 500 and Dow Jones Industrial Average also rising.

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Posted 9/29/2023, 6:33:54 PM