Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) had its target price decreased by equities research analysts at Royal Bank of Canada from €65.00 ($67.01) to €64.00 ($65.98) in a research report issued on Monday, The Fly reports.
A number of other equities analysts have also recently issued reports on BUD. Deutsche Bank Aktiengesellschaft reduced their target price on Anheuser-Busch InBev SA/NV from €74.00 ($76.29) to €73.00 ($75.26) and set a "buy" rating on the stock in a report on Tuesday, July 5th. Morgan Stanley reduced their target price on Anheuser-Busch InBev SA/NV from €54.00 ($55.67) to €52.00 ($53.61) in a report on Wednesday, June 29th. JPMorgan Chase & Co. reduced their target price on Anheuser-Busch InBev SA/NV from €55.00 ($56.70) to €50.00 ($51.55) in a report on Tuesday, July 5th. Barclays reduced their target price on Anheuser-Busch InBev SA/NV from €84.00 ($86.60) to €77.00 ($79.38) in a report on Monday, July 11th. Finally, Sanford C. Bernstein reduced their target price on Anheuser-Busch InBev SA/NV to $67.60 in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Hold" and a consensus target price of $65.16.
Get Anheuser-Busch InBev SA/NV alerts:Anheuser-Busch InBev SA/NV Price Performance
Anheuser-Busch InBev SA/NV stock opened at $51.74 on Monday. The business's 50-day simple moving average is $54.27 and its 200 day simple moving average is $57.87. The stock has a market cap of $102.45 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.86 and a beta of 1.25. Anheuser-Busch InBev SA/NV has a 12-month low of $50.59 and a 12-month high of $67.91. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.99.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The consumer goods maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $13.24 billion for the quarter, compared to analysts' expectations of $13.20 billion. Anheuser-Busch InBev SA/NV had a return on equity of 10.47% and a net margin of 6.91%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.04 earnings per share for the current year.Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MAI Capital Management raised its position in Anheuser-Busch InBev SA/NV by 1.9% in the 4th quarter. MAI Capital Management now owns 9,416 shares of the consumer goods maker's stock valued at $570,000 after buying an additional 174 shares during the last quarter. CAPROCK Group Inc. raised its position in Anheuser-Busch InBev SA/NV by 2.2% in the 2nd quarter. CAPROCK Group Inc. now owns 8,993 shares of the consumer goods maker's stock valued at $485,000 after buying an additional 192 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Anheuser-Busch InBev SA/NV by 36.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the consumer goods maker's stock valued at $44,000 after buying an additional 196 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA raised its position in Anheuser-Busch InBev SA/NV by 15.4% in the 4th quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the consumer goods maker's stock valued at $91,000 after buying an additional 200 shares during the last quarter. Finally, Bennicas & Associates Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Bennicas & Associates Inc. now owns 19,150 shares of the consumer goods maker's stock worth $1,150,000 after purchasing an additional 200 shares during the last quarter.
About Anheuser-Busch InBev SA/NV
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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.
Further Reading
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