Traders Buy High Volume of Call Options on Anheuser-Busch Inbev SA (BUD)
Anheuser-Busch Inbev SA (NYSE:BUD) was the target of unusually large options trading on Wednesday. Stock investors purchased 446 call options on the company. This is an increase of 120% compared to the average daily volume of 203 call options.
Shares of Anheuser-Busch Inbev SA (NYSE BUD) opened at 116.30 on Friday. Anheuser-Busch Inbev SA has a 12-month low of $98.28 and a 12-month high of $136.08. The firm has a market cap of $224.89 billion, a PE ratio of 57.98 and a beta of 1.07. The stock’s 50 day moving average price is $115.63 and its 200 day moving average price is $112.94.
Anheuser-Busch Inbev SA (NYSE:BUD) last announced its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.19. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $14.15 billion. During the same period last year, the firm earned $1.06 earnings per share. Anheuser-Busch Inbev SA’s revenue for the quarter was up 31.2% compared to the same quarter last year. On average, equities research analysts predict that Anheuser-Busch Inbev SA will post $4.16 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on BUD shares. Susquehanna Bancshares Inc set a $111.00 target price on Anheuser-Busch Inbev SA and gave the stock a “hold” rating in a research note on Thursday, July 27th. Vetr downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating and set a $104.70 target price for the company. in a research note on Monday, May 1st. Jefferies Group LLC set a $139.00 target price on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Anheuser-Busch Inbev SA currently has an average rating of “Hold” and an average price target of $128.10.
Hedge funds have recently made changes to their positions in the stock. First Manhattan Co. boosted its position in Anheuser-Busch Inbev SA by 2.6% in the first quarter. First Manhattan Co. now owns 2,488,314 shares of the consumer goods maker’s stock valued at $326,989,000 after buying an additional 62,109 shares in the last quarter. Waldron LP bought a new position in Anheuser-Busch Inbev SA during the first quarter valued at approximately $267,000. Concorde Asset Management LLC boosted its position in Anheuser-Busch Inbev SA by 90.2% in the first quarter. Concorde Asset Management LLC now owns 2,796 shares of the consumer goods maker’s stock valued at $310,000 after buying an additional 1,326 shares in the last quarter. Loeb Partners Corp boosted its position in Anheuser-Busch Inbev SA by 26.4% in the first quarter. Loeb Partners Corp now owns 24,400 shares of the consumer goods maker’s stock valued at $2,678,000 after buying an additional 5,100 shares in the last quarter. Finally, Sky Investment Group LLC boosted its position in Anheuser-Busch Inbev SA by 1.1% in the first quarter. Sky Investment Group LLC now owns 6,173 shares of the consumer goods maker’s stock valued at $678,000 after buying an additional 65 shares in the last quarter. 5.29% of the stock is currently owned by institutional investors.
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About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. 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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