Anheuser Busch Inbev SA (BUD) Stock Price Up 3.3%
Anheuser Busch Inbev SA (NYSE:BUD) shares rose 3.3% on Thursday . The stock traded as high as $126.00 and last traded at $125.92, with a volume of 3,751,554 shares traded. The stock had previously closed at $121.94.
BUD has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of Anheuser Busch Inbev SA from $102.00 to $96.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of Anheuser Busch Inbev SA from a “strong sell” rating to a “hold” rating in a report on Monday, April 4th. Vetr upgraded shares of Anheuser Busch Inbev SA from a “buy” rating to a “strong-buy” rating and set a $138.45 price objective for the company in a report on Wednesday, April 6th. Susquehanna reiterated a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Thursday, April 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $125.00 price objective on shares of Anheuser Busch Inbev SA in a report on Monday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $132.80.
The firm has a 50-day moving average price of $126.28 and a 200-day moving average price of $123.02. The company has a market capitalization of $202.28 billion and a PE ratio of 36.69.
Anheuser Busch Inbev SA (NYSE:BUD) last announced its earnings results on Wednesday, May 4th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.37. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.94 billion. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. Equities analysts expect that Anheuser Busch Inbev SA will post $3.49 earnings per share for the current fiscal year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Rhumbline Advisers increased its position in Anheuser Busch Inbev SA by 6.8% in the fourth quarter. Rhumbline Advisers now owns 9,367 shares of the company’s stock worth $1,171,000 after buying an additional 600 shares during the period. Thornburg Investment Management Inc. increased its position in Anheuser Busch Inbev SA by 252.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 26,760 shares of the company’s stock worth $3,345,000 after buying an additional 19,164 shares during the period. Bank of Montreal Can increased its position in Anheuser Busch Inbev SA by 51.2% in the fourth quarter. Bank of Montreal Can now owns 51,187 shares of the company’s stock worth $6,399,000 after buying an additional 17,341 shares during the period. Bragg Financial Advisors Inc increased its position in Anheuser Busch Inbev SA by 6.1% in the fourth quarter. Bragg Financial Advisors Inc now owns 10,075 shares of the company’s stock worth $1,259,000 after buying an additional 575 shares during the period. 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 worth $10,717,000 after buying an additional 273 shares during the period.
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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