Anheuser-Busch InBev S.A.'s stock experienced a slight increase of 0.31% to $59.06 on Tuesday, reflecting a positive market environment. This movement coincided with the Dow Jones and S&P 500 indices reaching 34,152.60 (+0.17%) and 4,378.38 (+0.28%) respectively. Despite this uptick, Anheuser-Busch's stock remained $8.03 short of its annual high of $67.09, which was recorded on March 31st.
In comparison to its competitors in the brewing industry, the company's performance was mixed. Kirin Holdings' stock declined to $14.63 (-0.27%), while San Miguel Corp.'s shares surged to $1.90 (+4.63%). Additionally, Compania Cervecerias Unidas S.A saw an increase in its stock value to $12.10 (+3.15%).
Notably, Anheuser-Busch InBev's trading volume of 1.4 million was still below its 50-day average volume of 2.2 million, indicating a relatively subdued market activity for the company's shares.
InvestingPro Insights
Drawing from InvestingPro's real-time data, Anheuser-Busch InBev S.A. has a market capitalization of 12.3M (NYSE:MMM) USD and a P/E ratio of -0.50 as of Q3 2023. Furthermore, the company recorded a revenue of 10.31M USD in the same period, albeit with a negative growth rate of 46.61%.
InvestingPro Tips reveal that Anheuser-Busch InBev S.A. has impressive gross profit margins and has been a consistent player in the beverages industry. The company has also maintained dividend payments for 23 consecutive years, a testament to its financial stability. However, it's worth noting that revenue growth has been slowing down recently, and 2 analysts have revised their earnings downwards for the upcoming period.
For more detailed insights and additional tips, consider checking out InvestingPro's product, which offers a comprehensive analysis of companies including Anheuser-Busch InBev S.A.
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