JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Anheuser Busch Inbev (NYSE:BUD) in a research note released on Thursday morning. They currently have a $79.00 price objective on the consumer goods maker’s stock, down from their previous price objective of $94.00.
A number of other brokerages have also issued reports on BUD. Jefferies Financial Group upgraded shares of Anheuser Busch Inbev to a hold rating and set a $95.00 price target for the company in a research note on Monday, August 12th. Zacks Investment Research lowered shares of Anheuser Busch Inbev from a buy rating to a hold rating and set a $99.00 target price for the company. in a research note on Monday, September 2nd. Barclays lowered shares of Anheuser Busch Inbev from an equal weight rating to an underweight rating in a research note on Tuesday, August 27th. UBS Group lowered shares of Anheuser Busch Inbev from a buy rating to a neutral rating in a research note on Tuesday, August 6th. Finally, Macquarie reiterated a neutral rating on shares of Anheuser Busch Inbev in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $89.08.
Shares of NYSE:BUD traded up $0.10 during midday trading on Thursday, reaching $78.48. The company had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.41. The stock’s fifty day moving average price is $89.35 and its 200-day moving average price is $90.23. The stock has a market capitalization of $127.86 billion, a P/E ratio of 22.81, a PEG ratio of 2.02 and a beta of 1.16. Anheuser Busch Inbev has a one year low of $64.54 and a one year high of $102.70.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.14). The company had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $13.78 billion. Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. As a group, sell-side analysts forecast that Anheuser Busch Inbev will post 4.62 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Selective Wealth Management Inc. bought a new stake in Anheuser Busch Inbev during the third quarter valued at $28,000. Usca Ria LLC bought a new stake in Anheuser Busch Inbev during the third quarter valued at $36,000. Contravisory Investment Management Inc. bought a new stake in Anheuser Busch Inbev during the third quarter valued at $56,000. Lenox Wealth Management Inc. increased its stake in Anheuser Busch Inbev by 166.3% during the third quarter. Lenox Wealth Management Inc. now owns 671 shares of the consumer goods maker’s stock valued at $63,000 after purchasing an additional 419 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Anheuser Busch Inbev by 73.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 676 shares of the consumer goods maker’s stock valued at $65,000 after purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 4.54% of the company’s stock.
Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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