Anheuser Busch Inbev (NYSE:BUD) was upgraded by Jefferies Financial Group to a “hold” rating in a note issued to investors on Monday, TipRanks reports. The brokerage currently has a $95.00 price target on the consumer goods maker’s stock. Jefferies Financial Group’s price target points to a potential upside of 1.99% from the company’s previous close.
A number of other brokerages have also commented on BUD. UBS Group lowered Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Bank of America raised Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research note on Monday, July 29th. They noted that the move was a valuation call. ValuEngine raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $89.27.
Anheuser Busch Inbev stock traded down $2.52 during mid-day trading on Monday, hitting $93.15. 1,150,051 shares of the company’s stock traded hands, compared to its average volume of 1,466,472. The company has a 50 day moving average of $94.19. Anheuser Busch Inbev has a fifty-two week low of $64.54 and a fifty-two week high of $102.70. The stock has a market capitalization of $159.54 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54.
Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The business had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $13.81 billion. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Anheuser Busch Inbev will post 5.06 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. increased its stake in Anheuser Busch Inbev by 13.5% in the 1st quarter. Wedbush Securities Inc. now owns 8,229 shares of the consumer goods maker’s stock worth $691,000 after acquiring an additional 980 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Anheuser Busch Inbev by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,103 shares of the consumer goods maker’s stock worth $121,000 after purchasing an additional 54 shares during the last quarter. Boston Partners bought a new stake in Anheuser Busch Inbev during the second quarter worth approximately $3,881,000. Glenmede Trust Co. NA increased its stake in Anheuser Busch Inbev by 11.1% during the third quarter. Glenmede Trust Co. NA now owns 17,421 shares of the consumer goods maker’s stock worth $1,524,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in Anheuser Busch Inbev during the third quarter worth approximately $538,000. Institutional investors and hedge funds own 4.47% of the company’s stock.
Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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