The Bud Light maker sold a minority stake in the business to investors in 2020.
Meat giants have spent hundreds of millions of dollars to settle claims that they artificially raised prices for years.
Some 95% of school nutrition directors are concerned about the financial sustainability of their meal programs, School Nutrition Association data shows.
The ruling is a setback for the "Make America Healthy Again" movement, which has pushed ingredient restrictions in states.
PepsiCo and General Mills are among a handful of companies planning to boost affordability as shoppers tighten their spending.
Future cuts at the beverage giant are expected to occur in phases during the coming months.
The Japanese candy brand, which is celebrating 50 years in business, entered the U.S. market in 2008 and found success with coveted Gen Zers.
Participants in the federal nutrition assistance program also overwhelmingly direct their benefits to name brands, according to a report from Circana.