Anheuser Busch Inbev SA (BUD) Shares Gap Up to $124.60
Anheuser Busch Inbev SA (NYSE:BUD) gapped up before the market opened on Friday . The stock had previously closed at $123.77, but opened at $124.60. Anheuser Busch Inbev SA shares last traded at $126.03, with a volume of 729,747 shares.
BUD has been the topic of several analyst reports. Vetr downgraded Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 price objective on the stock. in a report on Wednesday, July 6th. Sanford C. Bernstein restated a “market perform” rating and set a $125.00 price objective on shares of Anheuser Busch Inbev SA in a report on Monday, April 25th. Credit Agricole SA restated an “outperform” rating and set a $142.00 price objective on shares of Anheuser Busch Inbev SA in a report on Friday, July 1st. Royal Bank Of Canada downgraded Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from $102.00 to $106.00 in a report on Wednesday, July 6th. Finally, Investec lifted their price objective on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the stock a “buy” rating in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $132.80.
The stock has a 50-day moving average price of $125.76 and a 200 day moving average price of $123.47. The firm has a market capitalization of $202.88 billion and a P/E ratio of 53.38.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06. During the same quarter in the previous year, the business posted $1.21 EPS. The business 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 research analysts expect that Anheuser Busch Inbev SA will post $3.75 earnings per share for the current fiscal year.
Other institutional investors have bought and sold shares of the company. Rhumbline Advisers boosted 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 last quarter. I.G. Investment Management LTD. acquired a new position in Anheuser Busch Inbev SA during the fourth quarter worth approximately $4,841,000. US Bancorp DE boosted its position in Anheuser Busch Inbev SA by 4.9% in the fourth quarter. US Bancorp DE now owns 113,961 shares of the company’s stock worth $14,245,000 after buying an additional 5,285 shares during the last quarter. BlackRock Advisors LLC acquired a new position in Anheuser Busch Inbev SA during the fourth quarter worth approximately $142,592,000. Finally, BlackRock Investment Management LLC boosted its position in Anheuser Busch Inbev SA by 483.8% in the fourth quarter. BlackRock Investment Management LLC now owns 1,243,985 shares of the company’s stock worth $155,498,000 after buying an additional 1,030,896 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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