BidaskClub downgraded shares of Anheuser-Busch Inbev SA (NYSE:BUD) from a hold rating to a sell rating in a research note released on Thursday.
Several other research analysts have also recently weighed in on BUD. Zacks Investment Research upgraded shares of Anheuser-Busch Inbev SA from a strong sell rating to a hold rating in a research report on Monday, April 17th. Vetr cut shares of Anheuser-Busch Inbev SA from a hold rating to a sell rating and set a $109.86 price objective on the stock. in a research report on Tuesday, April 25th. Susquehanna Bancshares Inc restated a neutral rating and issued a $101.00 price objective (down from $109.00) on shares of Anheuser-Busch Inbev SA in a research report on Wednesday, April 26th. Jefferies Group LLC restated a buy rating and issued a $132.00 price objective on shares of Anheuser-Busch Inbev SA in a research report on Friday, May 5th. Finally, Stifel Nicolaus restated a buy rating and issued a $140.00 price objective (up from $134.00) on shares of Anheuser-Busch Inbev SA in a research report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $128.10.
Shares of Anheuser-Busch Inbev SA (NYSE:BUD) traded down 0.21% during midday trading on Thursday, hitting $115.82. 1,332,242 shares of the company traded hands. The stock has a 50 day moving average of $115.08 and a 200-day moving average of $112.53. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $136.08. The stock has a market capitalization of $223.96 billion, a PE ratio of 57.74 and a beta of 1.07.
Anheuser-Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.19. The company had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. Equities analysts forecast that Anheuser-Busch Inbev SA will post $4.16 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new position in shares of Anheuser-Busch Inbev SA during the second quarter worth approximately $101,000. Evercore Wealth Management LLC acquired a new position in shares of Anheuser-Busch Inbev SA during the second quarter worth approximately $104,000. Kistler Tiffany Companies LLC boosted its position in shares of Anheuser-Busch Inbev SA by 151.9% in the first quarter. Kistler Tiffany Companies LLC now owns 985 shares of the consumer goods maker’s stock worth $108,000 after buying an additional 594 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Anheuser-Busch Inbev SA during the second quarter worth approximately $110,000. Finally, Jacobus Wealth Management Inc. boosted its position in shares of Anheuser-Busch Inbev SA by 4.2% in the first quarter. Jacobus Wealth Management Inc. now owns 1,042 shares of the consumer goods maker’s stock worth $114,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 5.27% of the company’s stock.
About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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