Goldman Sachs Group Inc. Begins Coverage on Anheuser Busch Inbev SA (BUD)
Research analysts at Goldman Sachs Group Inc. assumed coverage on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.
The analysts wrote, “Best Of Both Words”
Other equities analysts have also recently issued research reports about the stock. Susquehanna reaffirmed a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Sunday, July 17th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Anheuser Busch Inbev SA in a research report on Monday. Bank Degroof cut shares of Anheuser Busch Inbev SA to a “hold” rating in a research report on Thursday, July 28th. Natixis raised shares of Anheuser Busch Inbev SA from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Vetr upgraded shares of Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating and set a $120.10 target price on the stock in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $133.42.
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Shares of Anheuser Busch Inbev SA (NYSE:BUD) opened at 127.25 on Monday. Anheuser Busch Inbev SA has a one year low of $110.59 and a one year high of $136.08. The stock has a market capitalization of $204.59 billion and a price-to-earnings ratio of 53.83. The stock’s 50 day moving average is $127.06 and its 200-day moving average is $126.06.
Anheuser Busch Inbev SA (NYSE:BUD) last posted 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 company had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.93 billion. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. On average, equities research analysts predict that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC increased its position in Anheuser Busch Inbev SA by 1.9% in the second quarter. Fisher Asset Management LLC now owns 5,393,010 shares of the company’s stock worth $687,231,000 after buying an additional 101,061 shares during the period. Franklin Resources Inc. increased its position in Anheuser Busch Inbev SA by 146.4% in the second quarter. Franklin Resources Inc. now owns 5,189,442 shares of the company’s stock worth $683,345,000 after buying an additional 3,083,352 shares during the period. Lone Pine Capital LLC increased its position in Anheuser Busch Inbev SA by 124.1% in the second quarter. Lone Pine Capital LLC now owns 4,207,607 shares of the company’s stock worth $554,058,000 after buying an additional 2,329,803 shares during the period. Harding Loevner LP increased its position in Anheuser Busch Inbev SA by 0.3% in the second quarter. Harding Loevner LP now owns 2,395,280 shares of the company’s stock worth $315,408,000 after buying an additional 7,192 shares during the period. Finally, Senator Investment Group LP increased its position in Anheuser Busch Inbev SA by 95.8% in the second quarter. Senator Investment Group LP now owns 2,350,000 shares of the company’s stock worth $309,448,000 after buying an additional 1,150,000 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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