Anheuser Busch Inbev (NYSE:BUD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, February 16th.
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.”
A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Anheuser Busch Inbev from $106.68 to $98.72 and set an “underweight” rating on the stock in a research report on Thursday, February 15th. Deutsche Bank upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Jefferies Group set a $134.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $128.00 price target on shares of Anheuser Busch Inbev and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $126.02.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings data on Thursday, March 1st. The consumer goods maker reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.06. Anheuser Busch Inbev had a net margin of 14.17% and a return on equity of 19.47%. The company had revenue of $14.60 billion for the quarter, compared to analysts’ expectations of $14.49 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Anheuser Busch Inbev’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts anticipate that Anheuser Busch Inbev will post 5.06 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Anheuser Busch Inbev by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 5,997,016 shares of the consumer goods maker’s stock valued at $669,027,000 after purchasing an additional 178,209 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Anheuser Busch Inbev by 10.4% during the fourth quarter. Clearbridge Investments LLC now owns 5,597,430 shares of the consumer goods maker’s stock valued at $624,449,000 after purchasing an additional 529,519 shares during the period. Viking Global Investors LP boosted its stake in shares of Anheuser Busch Inbev by 82.0% during the fourth quarter. Viking Global Investors LP now owns 2,856,181 shares of the consumer goods maker’s stock valued at $318,636,000 after purchasing an additional 1,287,055 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Anheuser Busch Inbev by 6.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,666,047 shares of the consumer goods maker’s stock valued at $297,424,000 after purchasing an additional 156,565 shares during the period. Finally, Maverick Capital Ltd. boosted its stake in shares of Anheuser Busch Inbev by 53.0% during the fourth quarter. Maverick Capital Ltd. now owns 2,261,184 shares of the consumer goods maker’s stock valued at $252,258,000 after purchasing an additional 783,554 shares during the period. 5.87% of the stock is 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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