Anheuser-Busch Sees Stock Bump After Trump Endorsement

Former President Donald Trump’s plea for conservatives to give Bud Light parent company Anheuser-Busch InBev a “second chance” was followed by a quick rise in the company’s stock price.

Conservatives have been boycotting and denouncing the company since nearly a year ago, when transgender influencer Dylan Mulvaney promoted Bud Light in a single Instagram post during an ongoing conservative culture war crusade against transgender rights.

Trump said that the Mulvaney ad “was a mistake of epic proportions” in a Truth Social post on Tuesday, while pleading with supporters to give the beer brand another chance because “Anheuser-Busch is not a Woke company.”

Records indicate that the former president owns up to $5 million in Anheuser-Busch InBev stock, something that he failed to mention as he was touting the virtues of the “Great American Brand” earlier this week.

A person in a crowd holds up a Bud Light can on the left, while a logo for the beer brand’s parent company, Anheuser-Busch InBev, is shown on the right. Ex-President Donald Trump, who this…

Ryan Kang; BRUNO FAHY/AFP; Spencer Platt

The company’s stock prices shot up almost immediately after the Trump endorsement, rising by about 3 percent at the end of Tuesday. Prices stayed up in the following days, reaching a high of $65.94 per share on Wednesday, not far from the stock’s 2023 peak of $67.09.

Newsweek reached out for comment to Trump’s office via email on Friday night.

Trump was notably absent among conservative voices calling for a boycott of Bud Light after Republican uproar over the Mulvaney ad erupted in April.

The former president has other ties to Anheuser-Busch InBev. He is planning to attend a fundraiser next month hosted by Republican lobbyist Jeff Miller, whose firm reportedly collected $260,000 from the company last year.

Trump’s apparent attempt to rehabilitate the Bud Light brand against the backdrop of still-simmering conservative outrage did not go over well with all of his supporters.

Anti-transgender activist Matt Walsh responded by denouncing Trump for having “no strategic reason” to abandon an “effective boycott” against a company that he claimed was attempting to “push transgenderism.”

On the other hand, transgender Trump supporter and former Olympian Caitlyn Jenner praised the ex-president for promoting what she said was an “incredible American company.”

While touting Anheuser-Busch in his Truth Social post, Trump also said that he was “building a list” of alternative “woke” companies that he claimed were working to “destroy America,” threatening to release the list “for the World to see.”

The ex-president is not the only figure from MAGA world to defend Bud Light. His son, Donald Trump Jr., notably defended Anheuser-Busch InBev shortly after the Bud Light boycott began last year.

After praising the company for donating to Republican political candidates and suggesting the Mulvaney ad was “a one-off colossal screw-up,” Trump Jr. received backlash from MAGA supporters who accused him of being a “RINO” (“Republican in name only”) for not backing the boycott.

Anheuser-Busch InBev stock prices fell slightly on Friday, while still being about $2 more per share than before ex-president’s endorsement. The share price was again rising slightly during after hours trading at the time of publication.