Anheuser-Busch InBev SA/NV ADR
BUD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$56.00 | Lswc | Rfpcwrrwv |
AB InBev Is a Quality Franchise, but Margins and Deleveraging Central To Investment Case
Business Strategy and Outlook
Anheuser-Busch InBev, or AB InBev, has been acquisitive, having made transformative deals for Interbrew and Anheuser-Busch, and more recently acquiring Grupo Modelo, Oriental Brewery, and SABMiller. Management's strategy is to buy brands with a promising growth platform, expand distribution, and ruthlessly squeeze costs from the business.