BEVERAGES - BREWERS

Sep 26, 2026

State Street Corp reduced its stake in Ambev S.A. (NYSE:ABEV) by 6.5% in the second quarter, selling over 576,000 shares but still retaining a significant holding valued at $26.4 million. Other institutional investors showed mixed activity, with some increasing and others initiating new stakes. Analysts have a cautious "Reduce" consensus rating for ABEV, with a target price of $3.08, following recent downgrades and the company reporting quarterly earnings in line with estimates but revenue falling short of forecasts.

Sep 24, 2026

Engineers Gate Manager LP significantly reduced its stake in Diageo plc (NYSE:DEO) by 85.3% in the second quarter, selling over 35,000 shares. Despite this, other institutional investors showed mixed activity with some increasing holdings and others initiating new positions, bringing the total institutional ownership to 8.97%. Analysts have a mixed sentiment with an average "Hold" rating and a consensus price target of $106.25, while the company recently announced a dividend payment.

Sep 24, 2026

Deutsche Bank Aktiengesellschaft has reissued a "buy" rating for Anheuser-Busch InBev SA/NV (NYSE:BUD). The company recently surpassed quarterly earnings and revenue expectations, reporting $1.21 EPS against an estimated $1.09, and $16.66 billion in revenue compared to an expected $16.23 billion, marking an 11% year-over-year increase. With a consensus "Moderate Buy" rating and an average target price of $91.08 from analysts, institutional investors hold 5.53% of the company's shares.

Sep 24, 2026

UBS Group has reiterated its "Buy" rating for Anheuser-Busch InBev SA/NV (BUD), aligning with a broader "Moderate Buy" consensus and an average price target of $91.08. Despite opening down 1.5% at $77.05, BUD recently surpassed quarterly expectations with $1.21 EPS and $16.66 billion in revenue, an 11% increase year-over-year. The company's stock is currently trading below its 50-day moving average but within its 52-week range of $58.44 to $86.60.

Sep 24, 2026

JPMorgan Chase & Co. reiterated a "buy" rating for Anheuser-Busch InBev SA/NV (NYSE:BUD) on Thursday. The company reported strong quarterly earnings, beating consensus estimates with $1.21 EPS and $16.66 billion in revenue. Analysts generally maintain a "Moderate Buy" rating for BUD, with an average price target of $91.08.

Sep 24, 2026

Anheuser-Busch InBev (AB InBev) is entering a "reignite" phase, shifting its primary performance metric from EBITDA to EBIT and targeting 5% to 9% annual EBIT growth. The company plans to prioritize organic growth, progressively increase dividends, complete its $6 billion share-repurchase program, and selectively pursue acquisitions. This strategy is underpinned by improved financial performance, including nearly $14 billion in free cash flow and a net debt-to-EBITDA leverage below 3 times.

Sep 22, 2026

Erste Group Bank has raised its FY2026 EPS estimate for Anheuser-Busch InBev (BUD) to $4.51, surpassing the consensus of $4.38, and projects FY2027 EPS at $4.93. The company maintains a "Moderate Buy" consensus rating with an average price target of $91.08, supported by 11 Buy and five Hold ratings. This positive outlook follows AB InBev's recent quarterly results, which exceeded expectations with $1.21 EPS and $16.66 billion in revenue, marking an 11% year-over-year increase.

Sep 22, 2026

Bank of America Corp DE reduced its stake in Ambev S.A. by 21.1% in the second quarter, now holding 12,870,831 shares valued at $40.41 million. Other hedge funds have also adjusted their positions in Ambev, while analysts maintain a "Reduce" consensus rating with an average price target of $3.08. The company recently reported its quarterly earnings, hitting analyst estimates, and announced a quarterly dividend.

Sep 22, 2026

Anheuser-Busch is investing $23 million in its Fort Collins, Colorado brewery. This investment aims to boost production capacity for Michelob ULTRA and enhance manufacturing skills training. The upgrades will enable the production of 25-ounce cans.