Anheuser Busch Inbev SA (BUD) Shares Gap Up to $125.45
Anheuser Busch Inbev SA (NYSE:BUD) shares gapped up before the market opened 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.
A number of research analysts have recently issued reports on the company. Sanford C. Bernstein decreased their target price on Anheuser Busch Inbev SA from $125.30 to $121.70 and set a “market perform” rating on the stock in a research report on Thursday, May 5th. Susquehanna reiterated a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Sunday, July 17th. Bank Degroof lowered Anheuser Busch Inbev SA to a “hold” rating in a research report on Thursday, July 28th. Investec increased their target price on 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, Vetr lowered Anheuser Busch Inbev SA from a “strong-buy” rating to a “buy” rating and set a $137.24 target price on the stock. in a research report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $133.07.
The stock has a 50 day moving average price of $125.80 and a 200 day moving average price of $123.64. The firm has a market capitalization of $203.30 billion and a PE ratio of 53.49.
Anheuser Busch Inbev SA (NYSE:BUD) last released its earnings results on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.06. During the same quarter last year, the company posted $1.21 earnings per share. The business had revenue of $10.81 billion for 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. On average, analysts predict that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current fiscal year.
Other institutional investors have added to or reduced their stakes in the company. King Luther Capital Management Corp increased its position in Anheuser Busch Inbev SA by 1.6% in the fourth quarter. King Luther Capital Management Corp now owns 9,510 shares of the company’s stock valued at $1,189,000 after buying an additional 150 shares during the period. I.G. Investment Management LTD. purchased a new stake in shares of Anheuser Busch Inbev SA during the fourth quarter valued at approximately $4,841,000. US Bancorp DE raised its stake in shares of 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 in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Anheuser Busch Inbev SA by 6.8% in the fourth quarter. Rhumbline Advisers now owns 9,367 shares of the company’s stock valued at $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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