Anheuser Busch Inbev SA (BUD) Shares Gap Up to $125.45
Shares of Anheuser Busch Inbev SA (NYSE:BUD) gapped up prior to trading on Tuesday . The stock had previously closed at $124.64, but opened at $125.45. Anheuser Busch Inbev SA shares last traded at $126.79, with a volume of 464,141 shares trading hands.
Several research firms recently issued reports on BUD. Kepler Capital Markets raised shares of Anheuser Busch Inbev SA from a “hold” rating to a “buy” rating in a research report on Monday. Credit Agricole SA reaffirmed an “outperform” rating and set a $145.00 price objective on shares of Anheuser Busch Inbev SA in a report on Sunday. Vetr raised shares of Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating and set a $120.10 price objective on the stock in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Natixis raised shares of Anheuser Busch Inbev SA from a “reduce” rating to a “neutral” rating in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Anheuser Busch Inbev SA has an average rating of “Buy” and an average price target of $133.07.
The firm’s 50-day moving average price is $125.72 and its 200-day moving average price is $123.65. The company has a market capitalization of $203.04 billion and a price-to-earnings ratio of 53.42.
Anheuser Busch Inbev SA (NYSE:BUD) last released its 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. The company earned $10.81 billion during the quarter, compared to analysts’ expectations of $10.93 billion. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. On average, equities research analysts expect that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Other large investors recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake 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 in the last quarter. I.G. Investment Management LTD. acquired a new stake in Anheuser Busch Inbev SA during the fourth quarter valued at approximately $4,841,000. Finally, US Bancorp DE boosted its stake 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 valued at $14,245,000 after buying an additional 5,285 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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