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.
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