Anheuser-Busch InBev (ADR) (BUD)
Brews global and local beer brands through an acquisition-built international distribution network.
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Brews and distributes Budweiser, Corona, Stella Artois, and locally established beer brands across international markets, supported by retailer and direct-to-consumer platforms. The acquisition-built portfolio pairs local distribution scale with selected premium brands expanded across borders, while regulation, distributor relationships, brand relevance, and debt reduction shape execution.
Brews and distributes beer through global brands Budweiser, Corona, and Stella Artois, international labels such as Beck's, Leffe, and Hoegaarden, and local champions across numerous markets. Digital channels include the BEES retailer platform and direct-to-consumer services Zé Delivery, TaDa Delivery, and PerfectDraft.
Combines locally established brands and distribution systems with selected premium labels expanded across borders. The portfolio was assembled through successive combinations spanning Belgian, Brazilian, U.S., Mexican, and SABMiller lineages, giving the group broad international reach.
Relies on local brand relevance, distributor relationships, disciplined costs, and cross-market execution. Antitrust remedies removed MillerCoors and multiple European businesses from the SABMiller perimeter, while acquisition financing left debt reduction as a continuing capital priority. The Bud Light backlash also showed that individual brands can retain material local-market exposure inside a geographically diversified portfolio.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 16, 2026 | Deutsche Bank | Upgrade | ||
| Jul 31, 2026 | Wells Fargo | Reiterate | Rating: —Target: $85 | Target: $97 |
| Jul 27, 2026 | Barclays | Downgrade | ||
| Jul 1, 2026 | Morgan Stanley | Target | Target: $82 | Target: $84.50 |
| Apr 8, 2026 | Morgan Stanley | Target | Target: $63 | Target: $82 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.91B · Total debt $72.32B · Total assets $218.39B · Shareholders' equity $93.50B
- Revenue
- $31.93B
- Operating income
- $8.69B
- Net income
- $6.31B
HistoryDividendAnnual yield
| Institutions | 4.87% | 95.99M ADS | |
|---|---|---|---|
| 653 holders · as of Jun 30, 2026 | |||
| Strategic holders | 51.82% | 1.02B ADS | |
| 1 holder · as of Feb 7, 2025 | |||
| Other | 43.31% | 852.85M ADS | |
| remainder | |||
1.97B ADS as of Aug 26, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (1.80B in the company's Sep 22, 2026 report, 1.97B elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Altria Group, Inc.Strategic | 51.82% | 1.02B | filed Feb 7, 2025 |
Dodge & CoxInstitution | 1.50% | 29.48M ADS | as of Jun 30, 2026 |
Fisher Asset Management, LLCInstitution | 0.63% | 12.45M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.20% | 3.96M ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 0.17% | 3.26M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Direct U.S. beer rival led by Modelo, Corona, and Pacifico
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Major North American lager rival with additional European overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Anheuser-Busch InBev (ADR) | $78.76 | +1.04% | $153.52B | 16.5 | — | 2.5 | +6.4% |
| Constellation Brands | $119.70 | +1.11% | $20.22B | 11.3 | 10.2 | 2.2 | −3.3% |
| Molson Coors Class B | $38.07 | +1.34% | $7.04B | — | 8.1 | 0.6 | −3.3% |
| Median | 11.3 | 9.1 | 1.4 | −3.3% |