Anheuser Busch Inbev SA (BUD) Rating Reiterated by Credit Suisse Group AG
Anheuser Busch Inbev SA (NYSE:BUD)‘s stock had its “outperform” rating restated by analysts at Credit Suisse Group AG in a report issued on Wednesday.
Other equities research analysts have also recently issued reports about the company. Vetr cut Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective for the company. in a research note on Wednesday, September 28th. Credit Agricole SA restated an “outperform” rating and issued a $142.00 price objective on shares of Anheuser Busch Inbev SA in a research note on Friday, July 1st. Liberum Capital initiated coverage on Anheuser Busch Inbev SA in a research note on Monday, October 3rd. They issued a “buy” rating for the company. Citigroup Inc. restated a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Monday, September 26th. Finally, Susquehanna cut Anheuser Busch Inbev SA from a “positive” rating to a “neutral” rating in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Anheuser Busch Inbev SA has an average rating of “Buy” and a consensus target price of $133.42.
Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.62% on Wednesday, reaching $127.37. The company had a trading volume of 1,317,782 shares. The stock’s 50 day moving average is $127.19 and its 200-day moving average is $126.19. The stock has a market capitalization of $204.78 billion and a P/E ratio of 53.88. Anheuser Busch Inbev SA has a 1-year low of $110.59 and a 1-year high of $136.08.
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Anheuser Busch Inbev SA (NYSE:BUD) last released its quarterly earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. The business earned $10.81 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter last year, the business posted $1.21 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts predict that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of 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 in the last quarter. Lone Pine Capital LLC increased its position in shares of 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 last quarter. First Eagle Investment Management LLC bought a new position in shares of Anheuser Busch Inbev SA during the second quarter worth approximately $207,234,000. Senator Investment Group LP increased its position in shares of 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 last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock worth $49,530,000 after buying an additional 314,209 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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