Anheuser Busch Inbev SA (BUD) Given Underperform Rating at Royal Bank Of Canada
BUD has been the topic of a number of other reports. Morgan Stanley initiated coverage on shares of Anheuser Busch Inbev SA in a report on Wednesday, October 5th. They issued an overweight rating on the stock. Citigroup Inc. restated a buy rating on shares of Anheuser Busch Inbev SA in a report on Monday, September 26th. Zacks Investment Research upgraded shares of Anheuser Busch Inbev SA from a hold rating to a strong-buy rating and set a $141.00 price target on the stock in a report on Wednesday, September 14th. Kepler Capital Markets upgraded shares of Anheuser Busch Inbev SA from a hold rating to a buy rating in a report on Monday, August 22nd. Finally, Vetr cut shares of Anheuser Busch Inbev SA from a buy rating to a hold rating and set a $137.94 price target on the stock. in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $133.42.
Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.569% on Monday, reaching $128.216. 208,660 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $127.09 and a 200-day moving average price of $126.16. The company has a market cap of $206.14 billion and a PE ratio of 54.237. Anheuser Busch Inbev SA has a 12-month low of $110.59 and a 12-month high of $136.08.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, topping the Zacks’ 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. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. Equities research analysts anticipate that Anheuser Busch Inbev SA will post $3.70 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock valued at $49,530,000 after buying an additional 314,209 shares during the last quarter. Mariner Wealth Advisors LLC acquired a new position in Anheuser Busch Inbev SA during the first quarter worth about $416,000. OLD Mission Capital LLC acquired a new position in Anheuser Busch Inbev SA during the first quarter worth about $6,462,000. UBS Asset Management Americas Inc. raised its position in Anheuser Busch Inbev SA by 59.4% in the first quarter. UBS Asset Management Americas Inc. now owns 20,821 shares of the company’s stock worth $2,596,000 after buying an additional 7,756 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock worth $130,417,000 after buying an additional 14,042 shares in the last quarter.
About Anheuser Busch Inbev SA
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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