10 Oversold Global Stocks To Buy Right Now

3. Anheuser-Busch InBev SA/NV (NYSE:BUD)

14-day RSI Score: 23.24

Number of Hedge Fund Investors In Q3 2024: 26

Anheuser-Busch InBev SA/NV (NYSE:BUD) is one of the largest alcoholic beverage companies in the world. The firm enjoys one of the strongest moats in its industry as it has more than five hundred brands in its portfolio. The discretionary nature of its products means that Anheuser-Busch InBev SA/NV (NYSE:BUD) fires on all fronts when economic activity is robust and consumers have plenty of money to spend on drinks. Additionally, its scale, while offering significant competitive advantages, also places Anheuser-Busch InBev SA/NV (NYSE:BUD) at the mercy of shipping volumes and raw material costs. A weak global economy has also translated into poor share price performance in 2024 as the stock is down 17.6% year-to-date. The share price performance has been driven by several events, such as a second-quarter revenue and volume miss and a third-quarter revenue and profit miss. Firms like Anheuser-Busch InBev SA/NV (NYSE:BUD)  also have to contend with a growing health preference in younger customers that might depress their sales over the long term.

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s management shared key details about its volumes in the Americas during the Q3 2024 earnings call. Here is what they said:

“In the U.S., the beer industry remains resilient improving in both volume and revenue trends quarter-over-quarter. Our beer portfolio gained volume share of the industry, driven by Michelob ULTRA and Busch Light, which were two of the top three volume share gainers in the industry. Our improved market share trend and productivity initiatives drove EBITDA growth of 13.7% with a margin improvement of approximately 375 basis points. Our business in the U.S. is regaining momentum, and we are continuing to invest to fuel the growth. Now moving to Middle Americas. In Mexico, our volumes declined by low-single digits, outperforming the industry, which was negatively impacted by adverse weather in a slower economic environment. Revenue was flattish, and EBITDA grew by mid-single digits with margin expansion.

In Colombia, our business delivered high-single digit top line and double-digit bottom line growth with margin expansion. Beer volumes were flattish, while total volumes declined by low-single digits as the industry was impacted by a week-long national trucking strike in September. Our premium and super premium brands led our performance, delivering high teens volume growth. In South America, our business in Brazil delivered mid-single digit top line and double-digit bottom line growth with margin expansion of 174 basis points. Volume increased by 1.3%, led by our premium and super premium brands, which delivered volume growth in the low 20s.”