Heineken NV (OTCMKTS:HEINY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Heineken NV (OTCMKTS:HEINY) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

HEINY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HEINY. Madison Asset Management LLC lifted its holdings in Heineken by 22.9% during the 2nd quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock valued at $1,312,000 after buying an additional 26,226 shares in the last quarter. Ancora Advisors LLC bought a new position in Heineken in the 2nd quarter worth about $1,585,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Heineken during the second quarter worth approximately $2,916,000.

Heineken Stock Performance

Shares of OTCMKTS:HEINY opened at $43.06 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. The business has a 50 day simple moving average of $43.19 and a two-hundred day simple moving average of $41.56. Heineken has a 1 year low of $37.03 and a 1 year high of $47.63.

About Heineken

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.