Anheuser Busch Inbev NV (BUD) Short Interest Update
Anheuser Busch Inbev NV (NYSE:BUD) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,497,547 shares, a drop of 32.8% from the November 30th total of 3,718,830 shares. Based on an average daily trading volume, of 1,657,893 shares, the short-interest ratio is presently 1.5 days.
Anheuser Busch Inbev (NYSE BUD) opened at $113.60 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. The firm has a market cap of $192,060.00, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. Anheuser Busch Inbev has a 1 year low of $103.55 and a 1 year high of $126.50.
Anheuser Busch Inbev (NYSE:BUD) last issued its earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). The business had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $15 billion. Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. Anheuser Busch Inbev’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. sell-side analysts expect that Anheuser Busch Inbev will post 4.22 EPS for the current fiscal year.
A number of analysts recently issued reports on BUD shares. Argus started coverage on shares of Anheuser Busch Inbev in a report on Friday, September 8th. They set a “buy” rating and a $136.00 price objective for the company. Berenberg Bank restated a “buy” rating on shares of Anheuser Busch Inbev in a report on Wednesday, September 13th. Susquehanna Bancshares set a $129.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a report on Wednesday, October 25th. Societe Generale downgraded shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Anheuser Busch Inbev currently has an average rating of “Hold” and a consensus price target of $127.24.
A number of large investors have recently modified their holdings of the business. Adalta Capital Management LLC boosted its position in Anheuser Busch Inbev by 2.0% during the third quarter. Adalta Capital Management LLC now owns 38,440 shares of the consumer goods maker’s stock worth $4,586,000 after purchasing an additional 765 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Anheuser Busch Inbev in the third quarter valued at approximately $666,000. Truepoint Inc. boosted its position in shares of Anheuser Busch Inbev by 11,830.0% in the third quarter. Truepoint Inc. now owns 288,348 shares of the consumer goods maker’s stock valued at $288,000 after acquiring an additional 285,931 shares during the period. Moors & Cabot Inc. boosted its position in shares of Anheuser Busch Inbev by 42.6% in the third quarter. Moors & Cabot Inc. now owns 5,157 shares of the consumer goods maker’s stock valued at $619,000 after acquiring an additional 1,541 shares during the period. Finally, Fieldpoint Private Securities LLC boosted its position in shares of Anheuser Busch Inbev by 332.7% in the third quarter. Fieldpoint Private Securities LLC now owns 2,380 shares of the consumer goods maker’s stock valued at $284,000 after acquiring an additional 1,830 shares during the period. Hedge funds and other institutional investors own 5.67% of the company’s stock.
About Anheuser Busch Inbev
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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