Anheuser-Busch InBev (NYSE: BUD) stock is down 14% year to date as the global pandemic closed bars and restaurants, exacerbating the change in consumer preference for alcoholic beverages. No longer are drinkers reaching for one of its Budweiser beers, but rather they're flocking to drinks like hard seltzer.
Yet as the world's largest brewer with hundreds of brands to its name, an investor would be foolish to write off Anheuser-Busch, as it has responded to these challenges to its business and to the trends in the industry.
But it would be just as foolhardy to rush in and buy its stock without getting a sense first for where it's going.
Source Fool.com