Societe Generale Downgrades Anheuser-Busch Inbev SA (BUD) to Sell
Anheuser-Busch Inbev SA (NYSE:BUD) was downgraded by equities research analysts at Societe Generale from a “hold” rating to a “sell” rating in a report issued on Monday.
Other research analysts have also issued reports about the stock. Jefferies Group LLC set a $139.00 price objective on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc set a $129.00 price objective on shares of Anheuser-Busch Inbev SA and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus assumed coverage on shares of Anheuser-Busch Inbev SA in a research note on Friday, September 8th. They issued a “buy” rating and a $136.00 price objective on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Monday, July 10th. Finally, BidaskClub lowered shares of Anheuser-Busch Inbev SA from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $127.39.
Anheuser-Busch Inbev SA (BUD) opened at $118.66 on Monday. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $126.50. The firm has a market cap of $204,171.11, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). Anheuser-Busch Inbev SA had a net margin of 9.57% and a return on equity of 16.57%. The business had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $15 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. equities research analysts anticipate that Anheuser-Busch Inbev SA will post 4.22 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in BUD. First Eagle Investment Management LLC bought a new stake in Anheuser-Busch Inbev SA in the third quarter worth about $72,294,000. Renaissance Technologies LLC raised its position in Anheuser-Busch Inbev SA by 225.6% in the second quarter. Renaissance Technologies LLC now owns 595,500 shares of the consumer goods maker’s stock worth $65,719,000 after acquiring an additional 412,600 shares during the period. The Manufacturers Life Insurance Company raised its position in Anheuser-Busch Inbev SA by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after acquiring an additional 352,595 shares during the period. Seatown Holdings Pte. Ltd. bought a new stake in Anheuser-Busch Inbev SA in the third quarter worth about $36,436,000. Finally, Allen Investment Management LLC raised its position in Anheuser-Busch Inbev SA by 59.0% in the second quarter. Allen Investment Management LLC now owns 484,999 shares of the consumer goods maker’s stock worth $53,524,000 after acquiring an additional 179,992 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.
About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. 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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