Anheuser Busch Inbev (BUD) Cut to Neutral at Macquarie

Macquarie lowered shares of Anheuser Busch Inbev (NYSE:BUD) from an outperform rating to a neutral rating in a report issued on Wednesday morning, MarketBeat Ratings reports. Macquarie currently has $75.00 target price on the consumer goods maker’s stock.

A number of other research firms also recently issued reports on BUD. Zacks Investment Research upgraded Anheuser Busch Inbev from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Royal Bank of Canada upgraded Anheuser Busch Inbev from a sector perform rating to an outperform rating and set a $102.29 price target on the stock in a research note on Monday, October 29th. They noted that the move was a valuation call. Societe Generale upgraded Anheuser Busch Inbev from a hold rating to a buy rating in a research note on Thursday, August 2nd. Guggenheim assumed coverage on Anheuser Busch Inbev in a research note on Thursday, September 13th. They issued a buy rating and a $107.00 price target on the stock. Finally, Jefferies Financial Group downgraded Anheuser Busch Inbev from a buy rating to a hold rating in a research report on Monday, October 1st. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $113.26.

BUD stock opened at $76.51 on Wednesday. The firm has a market capitalization of $125.27 billion, a PE ratio of 18.94, a PEG ratio of 2.77 and a beta of 1.04. Anheuser Busch Inbev has a 1 year low of $72.88 and a 1 year high of $122.41. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.74 billion. Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. On average, equities research analysts expect that Anheuser Busch Inbev will post 4.08 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners purchased a new position in Anheuser Busch Inbev during the second quarter valued at $3,881,000. Lcnb Corp bought a new stake in Anheuser Busch Inbev during the second quarter valued at about $235,000. Cacti Asset Management LLC raised its holdings in Anheuser Busch Inbev by 0.4% during the third quarter. Cacti Asset Management LLC now owns 229,580 shares of the consumer goods maker’s stock valued at $20,226,000 after acquiring an additional 1,000 shares during the period. Ironwood Investment Counsel LLC raised its holdings in Anheuser Busch Inbev by 23.4% during the third quarter. Ironwood Investment Counsel LLC now owns 32,843 shares of the consumer goods maker’s stock valued at $2,876,000 after acquiring an additional 6,220 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Anheuser Busch Inbev by 53.1% during the second quarter. Renaissance Technologies LLC now owns 395,300 shares of the consumer goods maker’s stock valued at $39,830,000 after acquiring an additional 137,100 shares during the period. Institutional investors own 4.58% of the company’s stock.

Anheuser Busch Inbev Company Profile

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.

See Also: Fundamental Analysis

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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