Why Bud Light's parent company is worth looking at, despite the LGBTQ+ backlash
For steely-nerved investors, an opportunity awaits to buy shares of Bud Light’s battered parent AB Inbev.
RBC analysts James Edwardes and Emma Letheren said they now expect a 37% drop in earnings before interest, taxes, depreciation, and amortization — a measure of profitability — for the Bud Light brand and 22% drop for AB InBev’s ABI, +1.67% BUD, +2.32% North American business. “This is excessive given our belief that Bud Light’s travails will not impinge on AB InBev outside the U.S.. Consequently, the share price decline presents a buying opportunity,” the analysts said in a Wednesday note to clients.
U.S.-listed shares of AB InBev have dropped 16% in the current quarter and 7% year to date, closing on Tuesday at $55.62. Belgian-listed shares are down 15% for the quarter, and 8% year to date, currently changing hands at around €51. Over 12 months, those shares are up 7% and 4%, respectively.RBC offered up this chart that compares AB InBev’s share price to Heineken HEIA, -0.04% and Carlsberg CARL.B, +0.28% since the start of the second quarter.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Battered Bud Light parent Anheuser Busch InBev is a 'nerve-racking' buying opportunity, say analystsThe slump in shares of AB InBev due to backlash over Bud Light's partnership with trans influencer Dylan Mulvaney, has gone too far, says RBC equity analyst...
Les mer »
Garth Brooks Says His New Nashville Bar Will Be Safe for Trans People, Serve Bud Light“Our thing is this: if you [are let] into this house, love one another. If you’re an asshole, there are plenty of other places on lower Broadway,” Brooks said.
Les mer »
Garth Brooks stands by selling Bud Light in his new barCountry superstar Garth Brooks said he plans to sell “every brand of beer” at his new Nashville bar, seemingly referring to the recent backlash surrounding Bud Light after the brand partnered with a transgender influencer.
Les mer »
Matt Gaetz & John Rich React to Garth Brooks’ Decision to Sell Bud Light at His BarBrooks confirmed during Billboard Country Live that he’ll be selling “every brand of beer” in his Friends In Low Places Bar & Honky Tonk in Nashville.
Les mer »
Garth Brooks stands by selling Bud Light in his new barCountry superstar Garth Brooks said he plans to sell “every brand of beer” at his new Nashville bar, seemingly referring to the recent backlash surrounding Bud Light after the brand partnered with a transgender influencer.
Les mer »
Mark Cuban claims companies like Target, Bud Light going 'woke' is just 'good business'The Dallas Mavericks owner remarked on the ongoing controversy surrounding companies like Bud Light and Target over their transgender marketing strategies.
Les mer »