Anheuser Busch Inbev SA (BUD) Receives “Buy” Rating from Citigroup Inc.
Anheuser Busch Inbev SA (NYSE:BUD)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Monday.
A number of other research firms have also recently issued reports on BUD. 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 report on Wednesday, September 28th. Credit Agricole SA reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Anheuser Busch Inbev SA in a research report on Friday, July 1st. Liberum Capital started coverage on shares of Anheuser Busch Inbev SA in a research report on Monday, October 3rd. They issued a “buy” rating on the stock. Susquehanna cut shares of Anheuser Busch Inbev SA from a “positive” rating to a “neutral” rating in a research report on Monday, August 1st. Finally, Morgan Stanley started coverage on shares of Anheuser Busch Inbev SA in a research report on Wednesday, October 5th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $133.42.
Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.29% during trading on Monday, reaching $127.62. The company’s stock had a trading volume of 415,684 shares. The firm has a market cap of $205.18 billion and a PE ratio of 53.98. The stock’s 50 day moving average price is $127.06 and its 200-day moving average price is $126.06. Anheuser Busch Inbev SA has a 12 month low of $110.59 and a 12 month high of $136.08.
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Anheuser Busch Inbev SA (NYSE:BUD) last released its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.06. The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. Anheuser Busch Inbev SA’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Equities analysts predict that Anheuser Busch Inbev SA will post $3.70 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. raised its position in Anheuser Busch Inbev SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company’s stock worth $103,000 after buying an additional 2 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in Anheuser Busch Inbev SA during the second quarter worth $114,000. Stuart Chaussee & Associates Inc. raised its position in Anheuser Busch Inbev SA by 36.0% in the second quarter. Stuart Chaussee & Associates Inc. now owns 925 shares of the company’s stock worth $122,000 after buying an additional 245 shares in the last quarter. Assetmark Inc. raised its position in Anheuser Busch Inbev SA by 18.6% in the second quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $124,000 after buying an additional 148 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $127,000 after buying an additional 373 shares in the last quarter.
Anheuser Busch Inbev SA Company Profile
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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