Anheuser Busch Inbev SA (BUD) Shares Gap Up to $124.81
Anheuser Busch Inbev SA (NYSE:BUD) gapped up prior to trading on Friday . The stock had previously closed at $123.45, but opened at $124.81. Anheuser Busch Inbev SA shares last traded at $126.67, with a volume of 498,345 shares trading hands.
A number of brokerages recently weighed in on BUD. Credit Agricole SA reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Anheuser Busch Inbev SA in a research note on Friday, July 1st. Susquehanna reaffirmed a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Wednesday, June 8th. Royal Bank Of Canada lowered shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and raised their price objective for the stock from $102.00 to $106.00 in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of Anheuser Busch Inbev SA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Finally, Vetr downgraded shares of Anheuser Busch Inbev SA from a “buy” rating to a “sell” rating and set a $120.10 target price for the company. in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Anheuser Busch Inbev SA has a consensus rating of “Buy” and a consensus target price of $133.07.
The company’s 50-day moving average price is $125.35 and its 200-day moving average price is $124.04. The stock has a market cap of $203.80 billion and a PE ratio of 53.62.
Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.06. The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities research analysts predict that Anheuser Busch Inbev SA will post $3.70 EPS for the current year.
An institutional investor recently bought a new position in Anheuser Busch Inbev SA stock. I.G. Investment Management LTD. acquired a new position in shares of Anheuser Busch Inbev SA (NYSE:BUD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 38,724 shares of the company’s stock, valued at approximately $4,841,000.
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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