Anheuser Busch Inbev NV (BUD) Given Average Rating of “Hold” by Brokerages
Anheuser Busch Inbev NV (NYSE:BUD) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $100.56.
Several equities analysts have commented on BUD shares. Goldman Sachs Group downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Jefferies Financial Group cut shares of Anheuser Busch Inbev from a “hold” rating to an “underperform” rating and set a $62.00 price objective for the company. in a research report on Wednesday, January 16th. Zacks Investment Research cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Royal Bank of Canada raised shares of Anheuser Busch Inbev from an “outperform” rating to a “top pick” rating in a research report on Tuesday, January 22nd. Finally, Societe Generale assumed coverage on shares of Anheuser Busch Inbev in a research report on Friday, February 1st. They set a “hold” rating for the company.
Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in Anheuser Busch Inbev in the third quarter valued at $205,000. Dimensional Fund Advisors LP lifted its position in Anheuser Busch Inbev by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 162,238 shares of the consumer goods maker’s stock valued at $14,207,000 after acquiring an additional 3,124 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Anheuser Busch Inbev by 36.4% in the third quarter. JPMorgan Chase & Co. now owns 292,137 shares of the consumer goods maker’s stock valued at $25,584,000 after acquiring an additional 77,956 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Anheuser Busch Inbev in the third quarter valued at $321,000. Finally, LPL Financial LLC lifted its position in Anheuser Busch Inbev by 24.5% in the third quarter. LPL Financial LLC now owns 99,377 shares of the consumer goods maker’s stock valued at $8,702,000 after acquiring an additional 19,569 shares during the last quarter. 4.36% of the stock is owned by institutional investors and hedge funds.
Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, February 28th. The consumer goods maker reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.35). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.11 billion. Anheuser Busch Inbev had a return on equity of 18.43% and a net margin of 8.00%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. On average, sell-side analysts anticipate that Anheuser Busch Inbev will post 5.06 earnings per share for the current fiscal year.
About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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