8 Best Beer Stocks to Buy Now

5. Anheuser-Busch InBev Sa/NV (NYSE:BUD)

Number of Hedge Fund Holders: 26

Anheuser-Busch InBev SA/NV (NYSE:BUD) maintained its dominance as the Largest Beer Company in the World in 2023, with a global production volume of 585 million hectoliters and a revenue of $59.38 billion, an increase of over 2.7% from the previous year. This revenue increase was despite the company facing some headwinds in the American market last year after the recent controversy regarding its best-selling brand Bud Light, which resulted in the iconic brand losing its crown as the Top-Selling Beer in America after nearly two decades. The company’s size and diversification give it some protection from a single brand falling out of favor. Despite the Bud Light setback, AB InBev’s overall beer portfolio gained volume share in the US in Q3 of 2024, driven by Michelob ULTRA and Busch Light, which were two of the top three volume share gainers in the industry.

With a strong presence in around 150 markets around the world, Anheuser-Busch InBev SA/NV (NYSE:BUD) benefits from its ability to use its scale to expand globally. Although its growth has recently remained flat in the US, the Budweiser-maker is gaining ground in other countries, delivering revenue growth in more than 60% of its markets in Q3. The company has also recently announced a $2 billion share buyback program to be executed within the next 12 months.

Anheuser-Busch InBev SA/NV (NYSE:BUD) continues to make progress in the NA category after its Bud Zero and Corono Cero brands gained massive popularity through partnerships with mega events like the Olympics and the FIFA World Cup 2022. The company gained market share of non-alcoholic beer in over 60% of its key markets in Q3 of 2024, with Corona Cero more than doubling both volumes and revenues.

Anheuser-Busch InBev SA/NV (NYSE:BUD) was held by 31 hedge funds at the end of Q3 2024, as per Insider Monkey’s database. The largest stake of over 10.3 million shares was held by Fisher Asset Management, valued at $683.25 million.