Anheuser Busch Inbev SA (BUD) Coverage Initiated at Goldman Sachs Group Inc.
Equities research analysts at Goldman Sachs Group Inc. began coverage on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research note issued on Monday. The firm set a “buy” rating on the stock.
The analysts wrote, “Best Of Both Words”
Several other analysts have also recently weighed in on BUD. Susquehanna reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Sunday, July 17th. Vetr cut shares of Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective on the stock. in a research note on Wednesday, September 28th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Anheuser Busch Inbev SA in a research report on Monday. Jefferies Group assumed coverage on shares of Anheuser Busch Inbev SA in a research report on Tuesday, September 13th. They set a “buy” rating and a $146.00 price target on the stock. Finally, Zacks Investment Research raised shares of Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $133.42.
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Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.609% during mid-day trading on Monday, hitting $128.025. The company’s stock had a trading volume of 644,217 shares. Anheuser Busch Inbev SA has a 52-week low of $110.59 and a 52-week high of $136.08. The firm has a market cap of $205.83 billion and a price-to-earnings ratio of 54.156. The firm has a 50 day moving average of $127.06 and a 200-day moving average of $126.06.
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 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. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock valued at $49,530,000 after buying an additional 314,209 shares during the period. Mariner Wealth Advisors LLC purchased a new stake in Anheuser Busch Inbev SA during the first quarter valued at approximately $416,000. OLD Mission Capital LLC purchased a new stake in Anheuser Busch Inbev SA during the first quarter valued at approximately $6,462,000. UBS Asset Management Americas Inc. raised its stake in Anheuser Busch Inbev SA by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 20,821 shares of the company’s stock valued at $2,596,000 after buying an additional 7,756 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock valued at $130,417,000 after buying an additional 14,042 shares during the period.
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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