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One year ago, Anheuser-Busch InBev (NYSE: BUD) – Bud Light when translated into regular English – faced a severe backlash after an ill-conceived marketing campaign featuring Dylan Mulvaney, a trans influencer.
In the latest trading session, Anheuser-Busch Inbev (BUD) closed at $59.29, marking a -1.3% move from the previous day.
Anheuser-Busch InBev's stock has maintained flat growth, albeit outperforming some rivals over the past year. Despite challenges like debt and declining home market performance, AB InBev's global strategy, megabrands, premiumisation and non-alcoholic product category expansion yields positive results. With a focus on brand power, debt reduction, and growth strategies, AB InBev presents an attractive investment opportunity, although investors should be cautious of risks.
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.
Altria is selling part of its massive holding of AB InBev stock, raising cash to increase its buyback. Altria is effectively saying it sees Anheuser-Busch InBev's stock as more undervalued.
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."
Anheuser-Busch InBev shares were dropping early on Thursday. It was hit by news that tobacco company Altria Group intends to sell down a significant portion of its holding in the Budweiser brewer.
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?
In the closing of the recent trading day, Anheuser-Busch Inbev (BUD) stood at $62.08, denoting a +0.75% change from the preceding trading day.
Bud Light garnered national attention when it faced a significant boycott due to its controversial partnership with transgender influencer Dylan Mulvaney. Now, Doritos, a subsidiary of PepsiCo (NASDAQ: PEP), appears to be on the verge of experiencing a similar backlash.