Where Will Anheuser-Busch InBev Be in 1 Year?
Anheuser-Busch InBev (NYSE: BUD), the world’s largest brewer, has lost 40% of its stock value over the past 12 months as it struggled with sluggish sales of beer, high commodity costs, and unfavorable foreign exchange rates. The COVID-19 pandemic, which shut down bars, restaurants, and other businesses, exacerbated the pain.
However, investors might be wondering if the market is too bearish on AB InBev, which sells 630 brands of beer globally — including Budweiser, Michelob, Stella Artois, Cass, Corona, and Hoegaarden.
Let’s delve deeper into the financial metrics for this beverage producer to see where its stock could be headed over the next year.