Anheuser Busch Inbev (NYSE:BUD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “AB InBev’s robust brand portfolio and solid geographical reach remain its major strength. Further, we expect the company to benefit from its constant expansion in the craft beer space, given the rising demand for this beer category. Also, it keeps introducing near beer alternatives along with no- and low-alcohol beers, which is encouraging. However, AB InBev has underperformed the industry in last three months largely due to dismal earnings history. Evidently, the company’s last reported quarter marked its seventh straight earnings miss, while revenues missed estimate for the second consecutive quarter. Higher cost of sales, soft volumes and consumers’ changing preferences have been impacting the company’s performance. Further, management continues to anticipate increased cost of sales, owing to the lingering currency woes and growth of premium brands. Also, volatility in some of the key regions remains a threat.”
A number of other analysts have also recently commented on the stock. Jefferies Group set a $134.00 price objective on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Thursday. Susquehanna Bancshares set a $128.00 price objective on shares of Anheuser Busch Inbev and gave the company a “hold” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Anheuser Busch Inbev in a research report on Tuesday, December 5th. Finally, Societe Generale cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Anheuser Busch Inbev has an average rating of “Hold” and a consensus target price of $126.53.
Shares of Anheuser Busch Inbev (BUD) traded up $0.28 during trading on Friday, hitting $114.20. 1,403,400 shares of the company’s stock traded hands, compared to its average volume of 1,399,925. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a 52 week low of $103.55 and a 52 week high of $126.50. The company has a market cap of $193,640.00, a PE ratio of 43.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). Anheuser Busch Inbev had a net margin of 9.57% and a return on equity of 16.57%. The firm had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $15 billion. During the same quarter in the prior year, the company earned $0.83 EPS. Anheuser Busch Inbev’s quarterly revenue was up 26.0% on a year-over-year basis. research analysts forecast that Anheuser Busch Inbev will post 4.22 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC increased its holdings in Anheuser Busch Inbev by 332.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,380 shares of the consumer goods maker’s stock worth $284,000 after purchasing an additional 1,830 shares in the last quarter. Adviser Investments LLC bought a new position in Anheuser Busch Inbev during the 3rd quarter worth about $298,000. Turim 21 Investimentos Ltda. bought a new position in Anheuser Busch Inbev during the 3rd quarter worth about $58,623,000. Cubist Systematic Strategies LLC bought a new position in Anheuser Busch Inbev during the 3rd quarter worth about $1,278,000. Finally, CI Investments Inc. bought a new position in Anheuser Busch Inbev during the 3rd quarter worth about $17,599,000. Hedge funds and other institutional investors own 5.67% of the company’s stock.
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About Anheuser Busch Inbev
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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