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Ever since InBev NV consumed Anheuser-Busch in a controversial $52-billion (U.S.) takeover last year, investors have been deprived of a good, high-yielding beer stock that trades on a North American exchange – until now. Welcome back, BUD!

Anheuser-Busch InBev NV, the name of the merged entity, delisted Anheuser-Busch last November, and since then the shares have traded in Europe. Now, though, the stock has returned with a secondary listing in New York. There, the shares began trading on Wednesday as American Depositary Receipts, under their previous U.S. ticker symbol BUD.

Unfortunately, new and returning investors will have to contend with having missed a wonderful buying opportunity. In Brussels, the shares have jumped 206 per cent since falling to a low in late November.

Meanwhile, the company’s chief executive talked up the opportunities as the brewer cuts debt and makes its operations more efficient.

"There’s still lots to do in the U.S. in terms of revenue management, market programs, brand portfolio enhancement and the synergies that we’re going to deliver,” said Carlos Brito, according to Bloomberg News. “One of the biggest problems in the U.S. is what to do first.”

Investors took a shining to the ADR on its debut day of trading in New York. In late afternoon trading, the shares traded at $47.10, up 85 cents or 1.8 per cent.

Source: The Return of BUD