Anheuser Busch Inbev SA (BUD) Shares Gap Up to $124.60
Anheuser Busch Inbev SA (NYSE:BUD)’s share price 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.
Several research firms recently issued reports on BUD. Zacks Investment Research downgraded Anheuser Busch Inbev SA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Royal Bank Of Canada downgraded Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and upped their target price for the company from $102.00 to $106.00 in a research report on Wednesday, July 6th. HSBC reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, June 30th. Vetr downgraded Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $131.12 target price on the stock. in a research report on Monday, May 30th. Finally, Susquehanna reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $132.80.
The firm’s 50-day moving average price is $125.76 and its 200 day moving average price is $123.47. The company has a market cap of $202.88 billion and a PE ratio of 53.38.
Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The company had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. Anheuser Busch Inbev SA’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have bought and sold shares of the company. BlackRock Advisors LLC acquired a new position in Anheuser Busch Inbev SA during the fourth quarter worth approximately $142,592,000. 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 raised 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 in the last quarter. Finally, Rhumbline Advisers raised 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 in 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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