Madison Asset Management LLC Boosts Stake in Heineken NV $HEINY

Madison Asset Management LLC grew its holdings in shares of Heineken NV (OTCMKTS:HEINY) by 22.9% in the 2nd quarter, Holdings Channel reports. The fund owned 140,879 shares of the company’s stock after acquiring an additional 26,226 shares during the period. Madison Asset Management LLC’s holdings in Heineken were worth $1,312,000 as of its most recent SEC filing.

Analysts Set New Price Targets

HEINY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a report on Thursday, August 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. downgraded shares of Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Heineken Stock Performance

OTCMKTS:HEINY opened at $42.06 on Friday. The business has a 50 day simple moving average of $43.11 and a 200 day simple moving average of $41.55. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. Heineken NV has a 12-month low of $37.03 and a 12-month 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.