#7 - Anheuser-Busch InBev (NYSE:BUD)
Anheuser-Busch InBev (NYSE: BUD)– On the one hand, Anheuser-Busch Chief Financial Officer Felipe Dutra says that the company has not yet had to deal with the rising costs of steel and aluminum from the tariffs imposed by the Trump administration. And there is hope that the U.S. will reach an agreement with Canada that will permanently exempt that country, and other allies, from the aluminum tariff as well as price spikes that have already impacted their business. Said CEO Carlos Brito, "We are very hopeful … that the list of allies continues to get populated because then you could maybe get to the situation where 80 percent of the aluminum supply … could be exempted (from the tariff)." According to industry analysts, if the tariffs remain in place, the beverage industry as a whole could face a hit of $350 million and could face the loss of 20,000 jobs. What is less clear is what the brewer can do about slumping sales of its core Budweiser and Bud Light brands which have been losing market share to the burgeoning craft beer industry.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.
More- Current Price
- $49.13
- Consensus Rating
- Buy
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $64.00 (30.3% Upside)
