Anheuser-Busch Inbev SA’s (BUD) Buy Rating Reaffirmed at Berenberg Bank
Anheuser-Busch Inbev SA (NYSE:BUD)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued on Wednesday.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Monday, July 10th. Stifel Nicolaus reissued a “buy” rating and issued a $140.00 target price (up previously from $134.00) on shares of Anheuser-Busch Inbev SA in a research note on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $111.00 target price on shares of Anheuser-Busch Inbev SA and gave the company a “hold” rating in a research note on Thursday, July 27th. Three investment 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 a consensus rating of “Hold” and an average target price of $126.81.
Shares of Anheuser-Busch Inbev SA (BUD) traded up 0.29% during trading on Wednesday, reaching $121.75. 893,551 shares of the company were exchanged. The company has a market capitalization of $235.43 billion, a price-to-earnings ratio of 60.69 and a beta of 1.07. Anheuser-Busch Inbev SA has a 1-year low of $98.28 and a 1-year high of $136.08. The stock’s 50 day moving average is $118.25 and its 200 day moving average is $114.35. Anheuser-Busch Inbev SA also saw some unusual options trading activity on Wednesday. Stock traders purchased 446 call options on the company. This is an increase of approximately 120% compared to the average volume of 203 call options.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.19). The business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $14.15 billion. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. Anheuser-Busch Inbev SA’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. Equities analysts anticipate that Anheuser-Busch Inbev SA will post $4.14 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Anheuser-Busch Inbev SA by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 8,950,919 shares of the consumer goods maker’s stock worth $987,823,000 after buying an additional 70,245 shares during the period. Fisher Asset Management LLC increased its stake in Anheuser-Busch Inbev SA by 1.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,707,561 shares of the consumer goods maker’s stock worth $629,886,000 after buying an additional 57,541 shares during the period. Clearbridge Investments LLC increased its stake in Anheuser-Busch Inbev SA by 11.3% in the 1st quarter. Clearbridge Investments LLC now owns 4,938,501 shares of the consumer goods maker’s stock worth $542,050,000 after buying an additional 502,195 shares during the period. Morgan Stanley increased its stake in Anheuser-Busch Inbev SA by 51.0% in the 1st quarter. Morgan Stanley now owns 3,892,315 shares of the consumer goods maker’s stock worth $427,221,000 after buying an additional 1,315,414 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Anheuser-Busch Inbev SA by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after buying an additional 352,595 shares during the period. 5.50% of the stock is currently owned by institutional investors.
Anheuser-Busch Inbev SA Company Profile
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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