Anheuser Busch Inbev NV (NYSE:BUD) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $88.25.
A number of equities research analysts recently issued reports on the stock. Barclays cut shares of Anheuser Busch Inbev from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 27th. ValuEngine lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Bank of America upgraded Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Zacks Investment Research lowered Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price objective on the stock. in a report on Monday, September 2nd. Finally, Jefferies Financial Group upgraded Anheuser Busch Inbev to a “hold” rating and set a $95.00 price objective on the stock in a report on Monday, August 12th.
A number of hedge funds have recently made changes to their positions in the business. We Are One Seven LLC lifted its holdings in Anheuser Busch Inbev by 27.3% in the 3rd quarter. We Are One Seven LLC now owns 3,957 shares of the consumer goods maker’s stock valued at $377,000 after purchasing an additional 849 shares in the last quarter. Dubuque Bank & Trust Co. purchased a new position in shares of Anheuser Busch Inbev during the 3rd quarter worth $1,173,000. CHICAGO TRUST Co NA raised its holdings in shares of Anheuser Busch Inbev by 3.0% during the 3rd quarter. CHICAGO TRUST Co NA now owns 10,760 shares of the consumer goods maker’s stock worth $1,024,000 after acquiring an additional 317 shares during the period. Arden Trust Co raised its holdings in shares of Anheuser Busch Inbev by 17.0% during the 3rd quarter. Arden Trust Co now owns 24,474 shares of the consumer goods maker’s stock worth $2,328,000 after acquiring an additional 3,551 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its holdings in shares of Anheuser Busch Inbev by 37.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 9,340 shares of the consumer goods maker’s stock worth $889,000 after acquiring an additional 2,567 shares during the period. Institutional investors own 4.53% of the company’s stock.
Anheuser Busch Inbev stock traded down $1.03 during trading on Monday, reaching $91.28. The company had a trading volume of 1,071,400 shares, compared to its average volume of 1,388,488. The firm’s 50-day simple moving average is $94.20 and its 200 day simple moving average is $90.41. Anheuser Busch Inbev has a 1-year low of $64.54 and a 1-year high of $102.70. The firm has a market capitalization of $149.53 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The firm had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $13.81 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Anheuser Busch Inbev will post 4.93 EPS for the current year.
About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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