Anheuser Busch Inbev SA (BUD) Shares Gap Down to $124.81
Anheuser Busch Inbev SA (NYSE:BUD) shares gapped down prior to trading on Monday . The stock had previously closed at $123.45, but opened at $124.81. Anheuser Busch Inbev SA shares last traded at $126.76, with a volume of 824,600 shares trading hands.
Several analysts have recently issued reports on BUD shares. Credit Agricole SA reissued an “outperform” rating and issued a $145.00 price target on shares of Anheuser Busch Inbev SA in a research report on Sunday, August 21st. Vetr lowered shares of Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 price target on the stock. in a research report on Wednesday, July 6th. Royal Bank Of Canada lowered shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and boosted their price target for the company from $102.00 to $106.00 in a research report on Wednesday, July 6th. Investec boosted their price target on shares of 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. Finally, Susquehanna reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $133.07.
The firm has a market capitalization of $203.80 billion and a P/E ratio of 53.62. The stock’s 50 day moving average price is $125.35 and its 200 day moving average price is $124.04.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.06. The business earned $10.81 billion during the quarter, compared to analysts’ expectations of $10.93 billion. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. Equities analysts forecast that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Anheuser Busch Inbev SA stock. US Bancorp DE increased its stake in shares of Anheuser Busch Inbev SA (NYSE:BUD) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,961 shares of the company’s stock after buying an additional 5,285 shares during the period. US Bancorp DE’s holdings in Anheuser Busch Inbev SA were worth $14,245,000 at the end of the most recent reporting 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.