Anheuser Busch Inbev SA (BUD) Shares Gap Up to $124.81
Shares of Anheuser Busch Inbev SA (NYSE:BUD) gapped up before the market opened 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 changing hands.
BUD has been the subject of several recent research reports. Zacks Investment Research cut Anheuser Busch Inbev SA from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th. Vetr raised Anheuser Busch Inbev SA from a “buy” rating to a “strong-buy” rating and set a $137.24 price target for the company in a report on Wednesday, May 18th. Investec upped their price target on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the company a “buy” rating in a report on Wednesday, June 1st. Susquehanna reaffirmed a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Wednesday, June 8th. Finally, HSBC reaffirmed a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Anheuser Busch Inbev SA currently has an average rating of “Buy” and a consensus price target of $133.07.
The stock has a market cap of $203.80 billion and a PE ratio of 53.62. The company’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 issued 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. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts predict 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 Form 13F 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 as of its most recent SEC filing.
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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