Zacks Investment Research downgraded shares of Heineken NV (OTCMKTS:HEINY) from a buy rating to a hold rating in a research report sent to investors on Friday.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Separately, Stifel Nicolaus reissued a hold rating on shares of Heineken NV in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $55.00.

Shares of Heineken NV (HEINY) traded down 0.80% during midday trading on Friday, reaching $52.33. 173,276 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $51.91 and its 200 day moving average price is $47.62. Heineken NV has a 1-year low of $36.02 and a 1-year high of $53.35. The stock has a market capitalization of $29.83 billion, a P/E ratio of 13.67 and a beta of 0.92.

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The business also recently announced a None dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 10th were issued a $0.252 dividend. The ex-dividend date was Tuesday, August 8th.

About Heineken NV

Heineken N.V. engages in brewing and selling beer. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.

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