Anheuser-Busch InBev SA/NV Sponsored ADR Stock News

Anheuser-Busch InBev-owned lager has seen its luster fade following the boycott over its Dylan Mulvaney ad partnership.

Bud Light fell to third place in U.S. beer sales as Michelob Ultra took its place behind the top-selling Modelo, reinforcing the impact of the 2023 Bud Light boycott, which toppled the brand from its No. 1 spot.

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Consumer staples stocks have been frustrating many investors in 2024. The year started with optimism that consumer spending was about to be unleashed due to interest rate cuts.

The stock price of Anheuser-Busch InBev (NYSE: BUD) trades at $60 per share, about 25% below its peak level of around $80 seen in mid-June 2021. In contrast, its peer Diageo stock (NYSE: DEO) saw a 35% decline over this period.

Dublin, June 28, 2024 (GLOBE NEWSWIRE) -- The "Anheuser-Busch InBev - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Anheuser-Busch InBev (NYSE:BUD) (ABI) stock moved higher on Monday after the beer maker was upgraded by UBS analysts. ABI closed 2.9% higher just shy of $61.

UBS analyst Sanjeet Aujla upgraded Anheuser-Busch InBev stock to buy today. UBS sees Anheuser-Busch growing its volume shipped, its prices, its profit margins, and its free cash flow over the next 12 months.