Anheuser Busch Inbev SA (BUD) Now Covered by Analysts at Goldman Sachs Group Inc.
“Best Of Both Words,” Goldman Sachs Group Inc.’s analyst commented.
A number of other research firms have also recently commented on BUD. Vetr cut Anheuser Busch Inbev SA from a buy rating to a hold rating and set a $137.94 price target for the company. in a report on Wednesday, September 28th. Credit Agricole SA reiterated an outperform rating and set a $142.00 price target on shares of Anheuser Busch Inbev SA in a report on Friday, July 1st. Liberum Capital assumed coverage on Anheuser Busch Inbev SA in a report on Monday, October 3rd. They set a buy rating for the company. Citigroup Inc. reiterated a buy rating on shares of Anheuser Busch Inbev SA in a report on Monday, September 26th. Finally, Susquehanna cut Anheuser Busch Inbev SA from a positive rating to a neutral rating in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $133.42.
Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.56% during midday trading on Monday, hitting $128.21. The stock had a trading volume of 208,760 shares. The company’s 50 day moving average is $127.09 and its 200 day moving average is $126.16. Anheuser Busch Inbev SA has a 1-year low of $110.59 and a 1-year high of $136.08. The company has a market cap of $206.13 billion and a price-to-earnings ratio of 54.23.
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 business earned $1.21 EPS. Anheuser Busch Inbev SA’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. increased its position in shares of 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 in the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Anheuser Busch Inbev SA during the second quarter worth $114,000. Stuart Chaussee & Associates Inc. boosted its stake 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 during the last quarter. Assetmark Inc. boosted its stake 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 during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake 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 during 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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