Anheuser Busch Inbev SA (BUD) Rating Reiterated by JPMorgan Chase & Co.
Anheuser Busch Inbev SA (NYSE:BUD)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday.
Several other brokerages also recently weighed in on BUD. Vetr downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective for the company. in a research report on Wednesday, September 28th. Credit Agricole SA reiterated an “outperform” rating and issued a $142.00 price objective on shares of Anheuser Busch Inbev SA in a research report on Friday, July 1st. Liberum Capital began coverage on Anheuser Busch Inbev SA in a research report on Monday, October 3rd. They issued a “buy” rating for the company. Citigroup Inc. reiterated a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Monday, September 26th. Finally, Susquehanna downgraded Anheuser Busch Inbev SA from a “positive” rating to a “neutral” rating in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $133.42.
Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.2104% during mid-day trading on Tuesday, reaching $127.2217. 729,807 shares of the company traded hands. Anheuser Busch Inbev SA has a 12-month low of $110.59 and a 12-month high of $136.08. The stock has a market capitalization of $204.54 billion and a price-to-earnings ratio of 53.8163. The company’s 50-day moving average is $127.09 and its 200-day moving average is $126.16.
Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The company earned $10.81 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its stake in Anheuser Busch Inbev SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company’s stock valued at $103,000 after buying an additional 2 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in Anheuser Busch Inbev SA during the second quarter worth $114,000. Stuart Chaussee & Associates Inc. increased its position in Anheuser Busch Inbev SA by 36.0% in the second quarter. Stuart Chaussee & Associates Inc. now owns 925 shares of the company’s stock worth $122,000 after buying an additional 245 shares in the last quarter. Assetmark Inc. increased its position in Anheuser Busch Inbev SA by 18.6% in the second quarter. Assetmark Inc. now owns 945 shares of the company’s stock worth $124,000 after buying an additional 148 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company’s stock worth $127,000 after buying an additional 373 shares in the last quarter.
Anheuser Busch Inbev SA Company Profile
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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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