Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) was downgraded by research analysts at UBS Group from a "neutral" rating to a "sell" rating in a note issued to investors on Thursday, The Fly reports.
Several other analysts also recently commented on the stock. StockNews.com downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Friday, November 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Anheuser-Busch InBev SA/NV from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $70.00 in a report on Monday, November 28th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on shares of Anheuser-Busch InBev SA/NV from €54.00 ($58.06) to €52.00 ($55.91) and set an "equal weight" rating for the company in a research note on Tuesday, October 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Anheuser-Busch InBev SA/NV from €64.00 ($68.82) to €70.00 ($75.27) in a research report on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $64.70.
Get Anheuser-Busch InBev SA/NV alerts:Anheuser-Busch InBev SA/NV Price Performance
Shares of NYSE BUD opened at $60.92 on Thursday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $44.51 and a fifty-two week high of $67.91. The company has a 50 day simple moving average of $58.47 and a two-hundred day simple moving average of $53.38. The company has a market capitalization of $120.62 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.47 and a current ratio of 0.67.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The consumer goods maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Anheuser-Busch InBev SA/NV had a net margin of 8.88% and a return on equity of 15.51%. The company had revenue of $15.09 billion during the quarter, compared to the consensus estimate of $15.12 billion. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.05 EPS for the current fiscal year.Institutional Trading of Anheuser-Busch InBev SA/NV
A number of hedge funds have recently added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth $373,000. Buttonwood Financial Advisors Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 2.9% in the fourth quarter. Buttonwood Financial Advisors Inc. now owns 63,625 shares of the consumer goods maker's stock valued at $3,820,000 after buying an additional 1,769 shares during the last quarter. Allworth Financial LP raised its position in shares of Anheuser-Busch InBev SA/NV by 22.7% in the fourth quarter. Allworth Financial LP now owns 2,217 shares of the consumer goods maker's stock valued at $133,000 after buying an additional 410 shares during the last quarter. Mutual Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 13.3% during the fourth quarter. Mutual Advisors LLC now owns 6,319 shares of the consumer goods maker's stock worth $379,000 after purchasing an additional 742 shares during the last quarter. Finally, First Hawaiian Bank increased its position in Anheuser-Busch InBev SA/NV by 3.6% during the fourth quarter. First Hawaiian Bank now owns 31,055 shares of the consumer goods maker's stock worth $1,864,000 after purchasing an additional 1,089 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.
Anheuser-Busch InBev SA/NV Company Profile
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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.
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