Anheuser Busch Inbev SA (BUD) Shares Gap Down to $125.30
Anheuser Busch Inbev SA (NYSE:BUD)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $125.08, but opened at $125.30. Anheuser Busch Inbev SA shares last traded at $126.18, with a volume of 276,215 shares changing hands.
BUD has been the topic of several recent analyst reports. Credit Agricole SA reissued an “outperform” rating and issued a $145.00 price target on shares of Anheuser Busch Inbev SA in a research note on Sunday, August 21st. Vetr lowered Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 price target on the stock. in a research note on Wednesday, July 6th. Royal Bank Of Canada lowered Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and boosted their price target for the company from $102.00 to $106.00 in a research note on Wednesday, July 6th. Investec upped their target price on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. Finally, Natixis raised Anheuser Busch Inbev SA from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $133.26.
The stock’s 50-day moving average price is $125.13 and its 200 day moving average price is $125.02. The firm has a market capitalization of $202.38 billion and a PE ratio of 53.25.
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Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.06. The business earned $10.81 billion during the quarter, compared to the consensus estimate of $10.93 billion. Anheuser Busch Inbev SA’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Analysts expect that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Anheuser Busch Inbev SA during the fourth quarter worth approximately $97,013,000. Independent Portfolio Consultants Inc. boosted its position in Anheuser Busch Inbev SA by 3.6% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,435 shares of the company’s stock worth $304,000 after buying an additional 85 shares during the last quarter. Windward Capital Management Co. CA boosted its position in Anheuser Busch Inbev SA by 3.3% in the first quarter. Windward Capital Management Co. CA now owns 9,679 shares of the company’s stock worth $1,207,000 after buying an additional 312 shares during the last quarter. First Manhattan Co. boosted its position in Anheuser Busch Inbev SA by 0.4% in the first quarter. First Manhattan Co. now owns 2,499,020 shares of the company’s stock worth $311,527,000 after buying an additional 9,778 shares during the last quarter. Finally, Apex Capital Management boosted its position in Anheuser Busch Inbev SA by 50.7% in the first quarter. Apex Capital Management now owns 8,490 shares of the company’s stock worth $1,058,000 after buying an additional 2,858 shares during the last quarter.
About Anheuser Busch Inbev SA
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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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