#7 - Anheuser-Busch InBev (NYSE:BUD)
Anheuser-Busch InBev (NYSE: BUD) - Anheuser-Busch InBev is a multi-national company. However, the company’s iconic Budweiser and Bud Light brands are brewed and bottled in St. Louis, Missouri and will continue to be for the considerable future. The Budweiser Clydesdales are about as synonymous with a brand as you can get. And let’s face it, when one of your signature brands, Bud Light, is the official beer of the National Football League, you have a reason to invest. However, what should get investors excited is the company’s IPO in Hong Kong which is projected to be the largest IPO of the year. The company is estimating it will earn nearly $10 billion when it lists is Budweiser Brewing Company APAC on the Hong Kong exchange. The company will likely use this added revenue to pay down debt that it has been accumulating due to a series of recent acquisitions. The company’s stock is up nearly 30 percent since January, although it is still about 15 percent shy of its 52-week high.
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.
Read More - Current Price
- $65.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $71.70 (9.2% Upside)
