Macquarie Initiates Coverage on Anheuser Busch Inbev SA (BUD)
BUD has been the subject of a number of other research reports. Goldman Sachs Group Inc. assumed coverage on Anheuser Busch Inbev SA in a report on Monday, October 10th. They set a buy rating for the company. Susquehanna reiterated a hold rating and issued a $135.00 target price on shares of Anheuser Busch Inbev SA in a report on Wednesday, September 14th. Vetr upgraded Anheuser Busch Inbev SA from a buy rating to a strong-buy rating and set a $137.50 target price for the company in a report on Tuesday, September 13th. RBC Capital Markets reiterated an underperform rating on shares of Anheuser Busch Inbev SA in a report on Monday, October 10th. Finally, Bank Degroof cut Anheuser Busch Inbev SA to a hold rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Anheuser Busch Inbev SA presently has a consensus rating of Hold and a consensus price target of $133.76.
Shares of Anheuser Busch Inbev SA (NYSE:BUD) opened at 103.27 on Friday. The company has a market capitalization of $166.03 billion and a P/E ratio of 55.11. The company has a 50-day moving average price of $114.86 and a 200 day moving average price of $123.45. Anheuser Busch Inbev SA has a 12-month low of $101.00 and a 12-month high of $136.08.
Anheuser Busch Inbev SA (NYSE:BUD) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by $0.36. The company earned $11.69 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period in the prior year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Anheuser Busch Inbev SA will post $3.56 earnings per share for the current fiscal year.
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The firm also recently announced a dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 16th will be given a dividend of $1.379 per share. The ex-dividend date is Monday, November 14th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its position in shares of Anheuser Busch Inbev SA by 4.7% in the second quarter. Wetherby Asset Management Inc. now owns 9,316 shares of the company’s stock valued at $1,226,000 after buying an additional 415 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Anheuser Busch Inbev SA by 0.7% in the third quarter. Fisher Asset Management LLC now owns 5,430,421 shares of the company’s stock worth $713,612,000 after buying an additional 37,411 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Anheuser Busch Inbev SA during the second quarter worth $34,562,000. Polaris Greystone Financial Group LLC raised its position in shares of Anheuser Busch Inbev SA by 16.9% in the second quarter. Polaris Greystone Financial Group LLC now owns 130,111 shares of the company’s stock worth $17,133,000 after buying an additional 18,841 shares in the last quarter. Finally, Haverford Trust Co. raised its position in shares of Anheuser Busch Inbev SA by 0.5% in the second quarter. Haverford Trust Co. now owns 597,104 shares of the company’s stock worth $78,627,000 after buying an additional 3,255 shares in the last quarter.
About Anheuser Busch Inbev SA
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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