Anheuser Busch Inbev SA (BUD) Receives Consensus Recommendation of “Hold” from Analysts
Anheuser Busch Inbev SA (NYSE:BUD) has been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $136.32.
A number of research analysts have recently commented on BUD shares. Morgan Stanley started coverage on Anheuser Busch Inbev SA in a report on Wednesday, October 5th. They issued an “overweight” rating on the stock. Zacks Investment Research upgraded Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Vetr downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective on the stock. in a report on Wednesday, September 28th. Credit Agricole SA reiterated an “outperform” rating and issued a $145.00 price objective on shares of Anheuser Busch Inbev SA in a report on Sunday, August 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Anheuser Busch Inbev SA in a report on Tuesday, October 11th.
Anheuser Busch Inbev SA (NYSE:BUD) opened at 103.18 on Friday. Anheuser Busch Inbev SA has a one year low of $101.41 and a one year high of $136.08. The firm has a 50-day moving average price of $121.89 and a 200-day moving average price of $124.92. The firm has a market capitalization of $165.89 billion and a P/E ratio of 55.06.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by $0.36. The business earned $11.69 billion during the quarter, compared to the consensus estimate of $11.40 billion. Anheuser Busch Inbev SA’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities analysts anticipate that Anheuser Busch Inbev SA will post $3.65 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 16th will be paid a $1.379 dividend. The ex-dividend date of this dividend is Monday, November 14th.
A number of hedge funds have recently bought and sold shares of BUD. Verition Fund Management LLC purchased a new stake in Anheuser Busch Inbev SA during the third quarter worth approximately $252,000. Gerstein Fisher purchased a new stake in Anheuser Busch Inbev SA during the third quarter worth approximately $216,000. Cetera Advisor Networks LLC increased its stake in Anheuser Busch Inbev SA by 14.9% in the third quarter. Cetera Advisor Networks LLC now owns 2,469 shares of the company’s stock worth $324,000 after buying an additional 320 shares during the last quarter. BTG Pactual Global Asset Management Ltd increased its stake in Anheuser Busch Inbev SA by 16.9% in the third quarter. BTG Pactual Global Asset Management Ltd now owns 129,435 shares of the company’s stock worth $17,009,000 after buying an additional 18,734 shares during the last quarter. Finally, Boston Private Wealth LLC increased its stake in Anheuser Busch Inbev SA by 2.0% in the third quarter. Boston Private Wealth LLC now owns 84,216 shares of the company’s stock worth $11,068,000 after buying an additional 1,634 shares during 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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