Anheuser-Busch InBev is called attractive due to valuation, Michelob Ultra strength

seekingalpha04-16

Evercore ISI issued a positive update on Anheuser-Busch InBev (BUD) ahead of the company's Q1 earnings report due out in May. Analyst Robert Ottenstein and team think the beer stock is attractive at ...

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Analyst Robert Ottenstein and team think the beer stock is attractive at ...</p>\n\n<a href=\"https://seekingalpha.com/news/4089976-anheuser-busch-inbev-is-called-attractive-due-to-valuation-michelob-ultra-strength\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anheuser-Busch InBev is called attractive due to valuation, Michelob Ultra strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnheuser-Busch InBev is called attractive due to valuation, Michelob Ultra strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4089976-anheuser-busch-inbev-is-called-attractive-due-to-valuation-michelob-ultra-strength><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Evercore ISI issued a positive update on Anheuser-Busch InBev (BUD) ahead of the company's Q1 earnings report due out in May. Analyst Robert Ottenstein and team think the beer stock is attractive at ...</p>\n\n<a href=\"https://seekingalpha.com/news/4089976-anheuser-busch-inbev-is-called-attractive-due-to-valuation-michelob-ultra-strength\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://seekingalpha.com/news/4089976-anheuser-busch-inbev-is-called-attractive-due-to-valuation-michelob-ultra-strength","article_id":"2427237518","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1060456922/image_1060456922.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427237518","pubTimestamp":1713268046,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Evercore ISI issued a positive update on Anheuser-Busch InBev (BUD) ahead of the company's Q1 earnings report due out in May. Analyst Robert Ottenstein and team think the beer stock is attractive at i","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BUD.AU":"Buddy Technologies Ltd","BK4158":"啤酒酿造商","BK7119":"家用电器","BUD":"百威英博"},"translate_title":"百威英博因估值、Michelob超强而被称为有吸引力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUD":1,"BUD.AU":1},"content_text":"Evercore ISI issued a positive update on Anheuser-Busch InBev (BUD) ahead of the company's Q1 earnings report due out in May. Analyst Robert Ottenstein and team think the beer stock is attractive at its current trading level. \"Underlying fundamentals, led by South America, remain strong, with commodities turning less onerous and leverage down to ~3.4x and heading toward ~3x over FY24,\" he noted. The Evercore view is that Anheuser-Busch InBev (BUD) is once again investable for large-cap blue chip funds. Ottenstein and his team believe that BUD could trade at a sustainable premium to global CPG peers if the company executes on its vision to become a leading e-commerce platform company. Evercore sees a positive outlook for Anheuser-Busch InBev (BUD) in 2024 as it laps easy comparisons in the U.S. on the top and bottom line, with the opportunity to right size cost structure. While nobody is expecting a snap back in Bud Light volume, the improvement of Michelob Ultra and Busch Light has been encouraging. Earlier in the month, industry tracker Fintech noted that Anheuser-Busch InBev (BUD) has continued its recovery in the U.S. during 2024. Of note, Michelob Ultra is now leading all beer brands in retailer purchases so far in 2024, and Bud Light continues to show noticeable improvement since November. On Wall Street, BUD has eight Buy-equivalent ratings from analysts vs. four Hold-equivalent ratings and no Sell-equivalent ratings/ In terms of the earnings track record, Anheuser-Busch InBev (BUD) has topped consensus EPS estimates in its last nine quarters, despite choppy top line results. Shares of Anheuser-Busch InBev (BUD) slipped 0.38% in premarket trading on Tuesday to $58.00 vs. the 52-week range of $51.66 to $66.56.  More on Anheuser-Busch InBev  Anheuser-Busch InBev: Overvalued And Facing Multiple Headwinds Anheuser-Busch InBev: North American Headwinds Bottoming - Long-Term Recovery Ahead Anheuser-Busch InBev: A Patient Investor's Brew Of Opportunity Amid Challenges Anheuser-Busch InBev shows a solid bounce in on-premise U.S. business U.S. beverage sales cooled off but energy drinks, tequila and prepared cocktails are still hot","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427237518"}