A lawsuit was filed on behalf of investors in Anheuser-Busch InBev SA/NV (NYSE: BUD) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/23/2019 -- An investor in shares of Anheuser-Busch InBev SA/NV (NYSE: BUD) filed a lawsuit over alleged violations of Federal Securities Laws by Anheuser-Busch InBev SA/NV.
Investors who purchased shares of Anheuser-Busch InBev SA/NV (NYSE: BUD) have certain options and for certain investors are short and strict deadlines running. Deadline: August 20, 2019. NYSE: BUD investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On March 19, 2018, Anheuser-Busch InBev SA/NV reported its financial results for its fiscal year 2017. Anheuser-Busch InBev SA/NV reported that its annual Total Revenue rose from over $45.51 billion in 2016 to over $56.44 billion in 2017 and that its Net Income increased from over $1.24 billion in 2017 to over $7.99 billion in 2018.
On October 25, 2018, Anheuser-Busch InBev SA/NV reported its financial results for the quarter and nine-month periods ended September 30, 2018, announcing that it had cut its dividend by 50% to "accelerate deleveraging toward our optimal capital structure of around 2x net debt to EBITDA ratio."
Shares of Anheuser-Busch InBev SA/NV (NYSE: BUD) declined to as low as $64.55 per share in late December 2018.
On March 22, 2019, Anheuser-Busch InBev SA/NV reported its annual report for its financial year ended December 31, 2018. Anheuser-Busch InBev SA/NV reported that its annual Total Revenue declined from over $56.44 billion in 2017 to over $54.61 billion in 2018 and that its Net Income declined from $7.99 billion in 2017 to $4.36 billion in 2018.
The plaintiff claims that between March 1, 2018 and October 24, 2018, the defendants failed to disclose, among other things, that cost-cutting measures the Company had put in place had run their course; the devaluation of key emerging market currencies and input cost inflation was having a material adverse effect on the Company's margins, EBITDA and profitability; Anheuser-Busch had been experiencing less than expected growth and profits in certain key markets; Anheuser-Busch was not going to be able to maintain its then current dividend and still meet its deleveraging targets; and Anheuser-Busch was at risk of having its credit ratings downgraded.
Those who purchased shares of Anheuser-Busch InBev SA/NV (NYSE: BUD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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