JPMorgan Chase & Co. reissued their neutral rating on shares of Anheuser Busch Inbev (NYSE:BUD) in a report published on Thursday. The brokerage currently has a $79.00 price target on the consumer goods maker’s stock, down from their prior price target of $94.00.
Other equities research analysts also recently issued reports about the stock. Bank of America raised shares of Anheuser Busch Inbev from a neutral rating to a buy rating in a report on Monday, July 29th. They noted that the move was a valuation call. Jefferies Financial Group raised shares of Anheuser Busch Inbev to a hold rating and set a $95.00 price objective for the company in a research note on Monday, August 12th. Guggenheim set a $106.00 price objective on shares of Anheuser Busch Inbev and gave the company a buy rating in a research note on Friday, October 25th. Macquarie reaffirmed a neutral rating on shares of Anheuser Busch Inbev in a research note on Monday, October 28th. Finally, Zacks Investment Research lowered shares of Anheuser Busch Inbev from a buy rating to a hold rating and set a $99.00 price objective for the company. in a research note on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Anheuser Busch Inbev currently has an average rating of Hold and an average target price of $89.08.
NYSE BUD traded up $0.10 on Thursday, reaching $78.48. The company’s stock had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. Anheuser Busch Inbev has a twelve month low of $64.54 and a twelve month high of $102.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54. The stock has a market cap of $127.86 billion, a PE ratio of 22.81, a PEG ratio of 2.02 and a beta of 1.16. The firm’s 50 day moving average is $89.35 and its two-hundred day moving average is $90.23.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The business had revenue of $13.17 billion during the quarter, compared to analyst estimates of $13.78 billion. During the same period in the previous year, the company posted $0.82 earnings per share. Anheuser Busch Inbev’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Anheuser Busch Inbev will post 4.62 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Selective Wealth Management Inc. purchased a new stake in Anheuser Busch Inbev during the third quarter valued at about $28,000. Usca Ria LLC purchased a new stake in Anheuser Busch Inbev during the third quarter valued at about $36,000. Contravisory Investment Management Inc. purchased a new stake in Anheuser Busch Inbev during the third quarter valued at about $56,000. Lenox Wealth Management Inc. lifted its stake in Anheuser Busch Inbev by 166.3% during the third quarter. Lenox Wealth Management Inc. now owns 671 shares of the consumer goods maker’s stock valued at $63,000 after buying an additional 419 shares in the last quarter. Finally, Clarus Wealth Advisors lifted its stake in Anheuser Busch Inbev by 17.1% during the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after buying an additional 105 shares in the last quarter. 4.54% of the stock is owned by institutional investors.
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. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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