Traders Buy Large Volume of Anheuser-Busch Inbev SA Call Options (BUD)
Anheuser-Busch Inbev SA (NYSE:BUD) saw unusually large options trading on Wednesday. Stock traders purchased 446 call options on the stock. This represents an increase of approximately 120% compared to the average daily volume of 203 call options.
Several analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research note on Wednesday. Argus assumed coverage on Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They set a “buy” rating and a $136.00 price target for the company. BidaskClub downgraded Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $125.00 price target (up previously from $111.00) on shares of Anheuser-Busch Inbev SA in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC set a $139.00 price target on Anheuser-Busch Inbev SA and gave the stock a “buy” rating in a research note on Saturday, July 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $126.81.
Several large investors have recently modified their holdings of BUD. Morgan Stanley boosted its holdings in shares of Anheuser-Busch Inbev SA by 51.0% during the first quarter. Morgan Stanley now owns 3,892,315 shares of the consumer goods maker’s stock worth $427,221,000 after acquiring an additional 1,315,414 shares during the period. Laurion Capital Management LP boosted its holdings in shares of Anheuser-Busch Inbev SA by 504.6% during the first quarter. Laurion Capital Management LP now owns 700,702 shares of the consumer goods maker’s stock worth $76,909,000 after acquiring an additional 584,802 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Anheuser-Busch Inbev SA by 11.3% during the first quarter. Clearbridge Investments LLC now owns 4,938,501 shares of the consumer goods maker’s stock worth $542,050,000 after acquiring an additional 502,195 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Anheuser-Busch Inbev SA by 225.6% during the second quarter. Renaissance Technologies LLC now owns 595,500 shares of the consumer goods maker’s stock worth $65,719,000 after acquiring an additional 412,600 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Anheuser-Busch Inbev SA by 12.5% during the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after acquiring an additional 352,595 shares during the period. Institutional investors own 5.50% of the company’s stock.
Shares of Anheuser-Busch Inbev SA (BUD) opened at 120.86 on Friday. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $136.08. The company has a market cap of $233.71 billion, a P/E ratio of 60.25 and a beta of 1.07. The company’s 50-day moving average price is $118.58 and its 200 day moving average price is $114.54.
Anheuser-Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.19). Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $14.15 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue was up 31.2% on a year-over-year basis. On average, equities analysts forecast that Anheuser-Busch Inbev SA will post $4.14 EPS for the current fiscal year.
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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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