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ST. LOUIS - Anheuser-Busch (NYSE:BUD), currently trading near its 52-week high at $25.17 and offering a 3.98% dividend yield according to InvestingPro, announced Tuesday a $15 million investment in its St. Louis brewery as part of its previously committed $300 million plan to support U.S. manufacturing jobs.
The investment will fund supply chain infrastructure improvements to transport American-grown ingredients to the brewery and deliver finished products to customers, according to a company press release.
The brewer is also expanding access to its Technical Excellence Center in St. Louis, partnering with the National Association of Manufacturers’ Manufacturing Institute to open the facility to local trade schools. Since opening in 2022, the center has offered over 35 courses and trained more than 2,000 employees. With a market capitalization of $54.72 million and a Financial Health Score rated as ’FAIR’ by InvestingPro, the company continues to demonstrate commitment to operational excellence.
Additionally, Anheuser-Busch is enhancing its digital credentialing system to help veterans translate military experience into manufacturing career skills.
"Our latest investment in St. Louis is about more than just creating the highest-quality American-made products," said Brendan Whitworth, CEO of Anheuser-Busch.
Missouri Governor Mike Kehoe noted that the investment "supports local jobs and opportunities for our hardworking families," crediting the state’s recently-enacted American Beer Act with creating conditions for such investments.
The St. Louis announcement follows recent investments in Anheuser-Busch facilities across the country, including Baldwinsville, NY; Houston, TX; Columbus, OH; Ft. Collins, CO; and Williamsburg, VA.
Anheuser-Busch reports that 99 percent of its U.S.-sold products are manufactured domestically, with more than $700 million spent on ingredients from American farmers and over $7 billion in goods and services purchased from U.S. suppliers. For deeper insights into Anheuser-Busch’s financial performance and additional ProTips, visit InvestingPro.
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