Traders Sell Anheuser Busch Inbev SA (BUD) on Strength (BUD)
Traders sold shares of Anheuser Busch Inbev SA (NYSE:BUD) on strength during trading on Thursday. $137.29 million flowed into the stock on the tick-up and $157.86 million flowed out of the stock on the tick-down, for a money net flow of $20.57 million out of the stock. Of all equities tracked, Anheuser Busch Inbev SA had the 0th highest net out-flow for the day. Anheuser Busch Inbev SA traded up $3.98 for the day and closed at $125.92
Several equities analysts have commented on the company. Vetr downgraded Anheuser Busch Inbev SA from a “strong-buy” rating to a “buy” rating and set a $130.17 target price for the company. in a research report on Monday, May 23rd. Susquehanna reiterated a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, April 28th. Investec increased their target price on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the company a “buy” rating in a research report on Wednesday, June 1st. Zacks Investment Research upgraded Anheuser Busch Inbev SA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 4th. Finally, Credit Agricole SA reiterated an “outperform” rating and issued a $142.00 target price on shares of Anheuser Busch Inbev SA in a research report on Friday, July 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. Anheuser Busch Inbev SA has an average rating of “Buy” and a consensus price target of $132.80.
The stock has a market capitalization of $207.93 billion and a PE ratio of 37.72. The company’s 50 day moving average price is $126.26 and its 200 day moving average price is $123.09.
Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. During the same period last year, the firm earned $1.21 EPS. The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts expect that Anheuser Busch Inbev SA will post $3.69 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Anheuser Busch Inbev SA by 6.8% in the fourth quarter. Rhumbline Advisers now owns 9,367 shares of the company’s stock valued at $1,171,000 after buying an additional 600 shares during the period. Bragg Financial Advisors Inc raised its stake 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. Carleon Capital Partners LLC bought a new stake in Anheuser Busch Inbev SA during the fourth quarter worth $2,069,000. Freestone Capital Holdings LLC raised its stake 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 worth $4,091,000 after buying an additional 12,654 shares during the period. Finally, I.G. Investment Management LTD. bought a new stake in Anheuser Busch Inbev SA during the fourth quarter worth $4,841,000.
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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