Anheuser Busch Inbev SA (BUD) Shares Down 3.2%
Anheuser Busch Inbev SA (NYSE:BUD) shares dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $121.61 and last traded at $122.50, with a volume of 2,336,190 shares traded. The stock had previously closed at $126.60.
BUD has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on Anheuser Busch Inbev SA from $102.00 to $96.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 30th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $125.00 target price on shares of Anheuser Busch Inbev SA in a research note on Monday, April 25th. Vetr downgraded Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 target price on the stock. in a research note on Wednesday, July 6th. Credit Agricole SA reiterated an “outperform” rating and issued a $142.00 target price on shares of Anheuser Busch Inbev SA in a research note on Friday, July 1st. Finally, Investec lifted their target price on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the company a “buy” rating in a research note on Wednesday, June 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $132.80.
The stock has a market capitalization of $195.88 billion and a PE ratio of 35.53. The stock has a 50-day moving average of $126.44 and a 200 day moving average of $123.00.
Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.37. The company earned $9.40 billion during the quarter, compared to analyst estimates of $9.94 billion. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. Equities analysts predict that Anheuser Busch Inbev SA will post $3.49 EPS for the current year.
A number of institutional investors have bought and sold shares of the company. Zweig DiMenna Associates LLC increased its position in Anheuser Busch Inbev SA by 84.1% in the fourth quarter. Zweig DiMenna Associates LLC now owns 345,428 shares of the company’s stock valued at $43,179,000 after buying an additional 157,753 shares during the last quarter. Freestone Capital Holdings LLC increased its position in Anheuser Busch Inbev SA by 63.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 32,728 shares of the company’s stock valued at $4,091,000 after buying an additional 12,654 shares during the last quarter. Suntrust Banks Inc. increased its position in Anheuser Busch Inbev SA by 0.6% in the fourth quarter. Suntrust Banks Inc. now owns 50,160 shares of the company’s stock valued at $6,269,000 after buying an additional 293 shares during the last quarter. Carleon Capital Partners LLC acquired a new position in Anheuser Busch Inbev SA during the fourth quarter valued at approximately $2,069,000. Finally, Cambridge Trust Co. increased its position in Anheuser Busch Inbev SA by 0.3% in the fourth quarter. Cambridge Trust Co. now owns 85,731 shares of the company’s stock valued at $10,717,000 after buying an additional 273 shares during the last quarter.
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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