The Zhitong Finance app learned that Deutsche Bank reiterated its “buy” rating of Bud.US (BUD.US) on Wednesday. The company notes that the beer company's strong global performance in the second quarter offset the weakness of the US business, which led to a 7.2% increase in total revenue for the quarter. This quarter, Budweiser's total sales fell 1.4%, offset by rising prices in the global market.

Analyst Mitch Collett also pointed out that the trend of the Budlight (Bud Light) brand is stabilizing, which may increase the visibility of the company's overall revenue situation. Collett said, “Our August survey of American consumers showed that Budweiser ale showed substantial signs of progress. Compared to July, the proportion of consumers who stopped buying this brand of beer fell by 190 basis points (from 21% to 19%) in August. The percentage of buying less decreased by 170 basis points, while the percentage of buying more increased by 320 basis points. As in the past, the proportion of purchases increased by 40 percentage points (from 40% to 40.4%). Prior to that, there was a slight improvement in our July survey results, which makes us even more convinced that the improvements in August were a trend, not just fluctuations.”

Earlier this month, Budweiser InBev sold brands such as Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Reddhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy to Tilray. The move will make Tilray's beer inventory more active in the global beer market.

Budweiser InBev shares fell 0.83% to $55.05 in after-hours trading. Since this year, the beer stock has fallen 6.86%, a decline greater than the average for major consumer goods.