Anheuser Busch Inbev (NYSE:BUD) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
A number of other research analysts have also recently weighed in on BUD. Zacks Investment Research raised shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Friday, January 12th. 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. Societe Generale cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Anheuser Busch Inbev in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus target price of $126.53.
Shares of Anheuser Busch Inbev (BUD) traded up $0.64 during mid-day trading on Wednesday, reaching $115.54. 1,429,000 shares of the company’s stock were exchanged, compared to its average volume of 1,593,700. The firm has a market capitalization of $197,810.00, a PE ratio of 43.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a 1 year low of $103.55 and a 1 year high of $126.50.
Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $15 billion. Anheuser Busch Inbev had a net margin of 9.57% and a return on equity of 16.57%. The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. research analysts anticipate that Anheuser Busch Inbev will post 4.16 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation lifted its position in shares of Anheuser Busch Inbev by 800.0% during the third quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock worth $106,000 after purchasing an additional 784 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of Anheuser Busch Inbev during the third quarter worth $112,000. Evercore Wealth Management LLC acquired a new position in shares of Anheuser Busch Inbev during the second quarter worth $104,000. Acropolis Investment Management LLC acquired a new position in shares of Anheuser Busch Inbev during the fourth quarter worth $167,000. Finally, Spectrum Asset Management Inc. NB CA acquired a new position in shares of Anheuser Busch Inbev during the third quarter worth $200,000. 5.67% of the stock is currently owned by institutional investors and hedge funds.
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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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