Anheuser Busch Inbev (BUD) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Anheuser Busch Inbev (NYSE:BUD) from a sell rating to a hold rating in a research report sent to investors on Friday.

According to Zacks, “AB InBev’s robust brand portfolio and solid geographical reach remain its major strength. Further, we expect the company to benefit from its constant expansion in the craft beer space, given the rising demand for this beer category. Also, it keeps introducing near beer alternatives along with no- and low-alcohol beers, which is encouraging. However, AB InBev underperformed the industry in last three months largely due to dismal earnings history. Evidently, the company’s last reported quarter marked its seventh straight earnings miss, while revenues missed estimate for the second consecutive quarter. Higher cost of sales, soft volumes and consumers’ changing preferences have been impacting the company’s performance. Further, management continues to anticipate increased cost of sales, owing to the lingering currency woes and growth of premium brands. Also, volatility in some of the key regions remains a threat.”

BUD has been the topic of several other research reports. Susquehanna Bancshares set a $128.00 target price on shares of Anheuser Busch Inbev and gave the stock a hold rating in a report on Tuesday, January 2nd. Deutsche Bank raised shares of Anheuser Busch Inbev from a hold rating to a buy rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Jefferies Group set a $134.00 price objective on shares of Anheuser Busch Inbev and gave the stock a buy rating in a report on Thursday, January 11th. Finally, Societe Generale lowered shares of Anheuser Busch Inbev from a hold rating to a sell rating in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $123.05.

Shares of Anheuser Busch Inbev (NYSE:BUD) opened at $106.12 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a fifty-two week low of $101.21 and a fifty-two week high of $126.50. The firm has a market cap of $180,420.00, a PE ratio of 40.35, a PEG ratio of 1.32 and a beta of 1.03.

A number of large investors have recently modified their holdings of the business. Wright Investors Service Inc. grew its holdings in Anheuser Busch Inbev by 5.0% during the 3rd quarter. Wright Investors Service Inc. now owns 9,497 shares of the consumer goods maker’s stock worth $1,133,000 after acquiring an additional 454 shares during the last quarter. Howe & Rusling Inc. grew its holdings in Anheuser Busch Inbev by 0.9% during the 3rd quarter. Howe & Rusling Inc. now owns 53,958 shares of the consumer goods maker’s stock worth $6,437,000 after acquiring an additional 457 shares during the last quarter. Ironwood Investment Counsel LLC grew its holdings in Anheuser Busch Inbev by 2.0% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 24,602 shares of the consumer goods maker’s stock worth $2,935,000 after acquiring an additional 473 shares during the last quarter. Advisor Partners LLC lifted its position in Anheuser Busch Inbev by 25.7% during the 3rd quarter. Advisor Partners LLC now owns 2,335 shares of the consumer goods maker’s stock valued at $279,000 after purchasing an additional 477 shares during the period. Finally, Richard C. Young & CO. LTD. lifted its position in Anheuser Busch Inbev by 0.7% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 70,522 shares of the consumer goods maker’s stock valued at $8,413,000 after purchasing an additional 491 shares during the period. 5.58% of the stock is currently owned by hedge funds and other institutional investors.

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Anheuser Busch Inbev Company Profile

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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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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