ValuEngine Downgrades Anheuser Busch Inbev (NYSE:BUD) to Strong Sell

Anheuser Busch Inbev (NYSE:BUD) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group raised Anheuser Busch Inbev to a “hold” rating and set a $95.00 target price for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price objective (down from $94.00) on shares of Anheuser Busch Inbev in a research report on Thursday. Guggenheim set a $106.00 price objective on Anheuser Busch Inbev and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price objective for the company. in a research report on Monday, September 2nd. Finally, Macquarie reissued a “neutral” rating on shares of Anheuser Busch Inbev in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $89.08.

NYSE BUD traded up $0.10 during trading on Friday, hitting $78.48. The stock had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. The company has a market capitalization of $127.86 billion, a PE ratio of 22.81, a PEG ratio of 2.02 and a beta of 1.16. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average price of $89.35 and a 200 day moving average price of $90.23. Anheuser Busch Inbev has a twelve month low of $64.54 and a twelve month high of $102.70.

Anheuser Busch Inbev (NYSE:BUD) last released its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.14). The firm had revenue of $13.17 billion during the quarter, compared to analyst estimates of $13.78 billion. Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. On average, sell-side analysts anticipate that Anheuser Busch Inbev will post 4.62 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Selective Wealth Management Inc. acquired a new position in Anheuser Busch Inbev in the third quarter valued at approximately $28,000. Usca Ria LLC acquired a new position in Anheuser Busch Inbev in the third quarter valued at approximately $36,000. Contravisory Investment Management Inc. acquired a new position in Anheuser Busch Inbev in the third quarter valued at approximately $56,000. Lenox Wealth Management Inc. boosted its holdings in Anheuser Busch Inbev by 166.3% in the third quarter. Lenox Wealth Management Inc. now owns 671 shares of the consumer goods maker’s stock valued at $63,000 after purchasing an additional 419 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Anheuser Busch Inbev by 73.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 676 shares of the consumer goods maker’s stock valued at $65,000 after purchasing an additional 286 shares in the last quarter. 4.54% of the stock is owned by institutional investors and hedge funds.

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. 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.

Read More: Trading Strategy Examples and Plans

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.