TD Cowen analyst Robert Moskow has maintained their neutral stance on 0RJI stock, giving a Hold rating today.
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Robert Moskow has given his Hold rating due to a combination of factors influencing Anheuser Busch InBev SA/NV’s current market position. The company’s recent sales figures exceeded expectations, yet global volume pressures persist, impacting overall performance. While the U.S. business has shown improvement with share gains and positive depletions, structural challenges in the beer market, such as declining per capita consumption and weather-related impacts, continue to pose significant hurdles.
Management’s guidance anticipates moderate EBITDA growth, but acknowledges ongoing challenges in the U.S. beer market and pressure in China. Despite having the financial capacity for significant share buybacks, the company’s focus remains on reinvestment in growth. Although Anheuser Busch InBev has managed recent market challenges effectively, the positive developments appear to be already reflected in the current share price. Additionally, the company’s limited expansion into Beyond Beer brands leaves it vulnerable to ongoing industry headwinds.
In another report released today, Deutsche Bank also maintained a Hold rating on the stock with a €55.00 price target.