Anheuser Busch Inbev (NYSE:BUD) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Other analysts have also recently issued research reports about the stock. Jefferies Group set a $134.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research note on Thursday, January 11th. Susquehanna Bancshares set a $128.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a report on Friday, January 12th. Societe Generale lowered 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. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.53.
Anheuser Busch Inbev (BUD) traded up $0.44 during trading on Wednesday, hitting $115.98. 3,070,000 shares of the stock traded hands, compared to its average volume of 1,450,000. Anheuser Busch Inbev has a twelve month low of $103.55 and a twelve month high of $126.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market cap of $197,600.00, a PE ratio of 44.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04.
Several hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in Anheuser Busch Inbev by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 5,818,807 shares of the consumer goods maker’s stock worth $694,184,000 after buying an additional 111,246 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Anheuser Busch Inbev by 12.5% during 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 in the last quarter. Fayez Sarofim & Co. lifted its holdings in Anheuser Busch Inbev by 4.4% during the 3rd quarter. Fayez Sarofim & Co. now owns 1,134,543 shares of the consumer goods maker’s stock worth $135,351,000 after buying an additional 48,084 shares in the last quarter. Haverford Trust Co. lifted its holdings in Anheuser Busch Inbev by 1.5% during the 3rd quarter. Haverford Trust Co. now owns 874,549 shares of the consumer goods maker’s stock worth $104,334,000 after buying an additional 13,158 shares in the last quarter. Finally, Banco BTG Pactual S.A. lifted its holdings in Anheuser Busch Inbev by 30.3% during the 2nd quarter. Banco BTG Pactual S.A. now owns 695,420 shares of the consumer goods maker’s stock worth $76,747,000 after buying an additional 161,544 shares in the last quarter. Hedge funds and other institutional investors own 5.67% of the company’s stock.
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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.
