Zacks Investment Research downgraded shares of Anheuser Busch Inbev (NYSE:BUD) from a hold rating to a sell rating in a research note issued to investors on Wednesday, December 27th.
According to Zacks, “AB InBev’s shares have underperformed the industry year to date, 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. However, 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.”
BUD has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated an underweight rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Societe Generale cut shares of Anheuser Busch Inbev from a hold rating to a sell rating in a report on Monday, November 6th. Berenberg Bank restated a buy rating on shares of Anheuser Busch Inbev in a report on Wednesday, September 13th. Susquehanna Bancshares set a $132.00 target price on shares of Anheuser Busch Inbev and gave the company a hold rating in a research note on Thursday, November 30th. Finally, Argus began coverage on shares of Anheuser Busch Inbev in a research note on Friday, September 8th. They issued a buy rating and a $136.00 target price for the company. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Anheuser Busch Inbev has an average rating of Hold and a consensus price target of $126.53.
Shares of Anheuser Busch Inbev (NYSE BUD) opened at $114.20 on Wednesday. Anheuser Busch Inbev has a one year low of $103.55 and a one year high of $126.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market cap of $193,000.00, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). The company had revenue of $14.74 billion during the quarter, compared to analyst estimates of $15 billion. Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. equities research analysts anticipate that Anheuser Busch Inbev will post 4.22 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Fieldpoint Private Securities LLC boosted its stake in Anheuser Busch Inbev by 332.7% in the third quarter. Fieldpoint Private Securities LLC now owns 2,380 shares of the consumer goods maker’s stock valued at $284,000 after acquiring an additional 1,830 shares during the last quarter. Adviser Investments LLC bought a new position in Anheuser Busch Inbev in the third quarter valued at approximately $298,000. Turim 21 Investimentos Ltda. bought a new position in Anheuser Busch Inbev in the third quarter valued at approximately $58,623,000. Cowen Inc. boosted its position in shares of Anheuser Busch Inbev by 76.5% during the second quarter. Cowen Inc. now owns 13,035 shares of the consumer goods maker’s stock worth $1,439,000 after purchasing an additional 5,650 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Anheuser Busch Inbev by 6.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 92,615 shares of the consumer goods maker’s stock worth $10,221,000 after purchasing an additional 5,214 shares in the last quarter. 5.67% of the stock is currently owned by hedge funds and other institutional investors.
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About Anheuser Busch Inbev
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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