Todays Report: Today, Anheuser Busch Inbev SA (BUD) Earns Outperform Rating from Analysts at Macquarie

Today, Anheuser Busch Inbev SA (BUD) Earns Outperform Rating from Analysts at Macquarie

Macquarie began coverage on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research report issued on Friday, The Fly reports. The firm set an “outperform” rating on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Group initiated coverage on shares of Anheuser Busch Inbev SA in a research note on Tuesday, September 13th. They issued a “buy” rating and a $146.00 price objective for the company. Kepler Capital Markets raised shares of Anheuser Busch Inbev SA from a “hold” rating to a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research note on Monday, September 26th. Liberum Capital initiated coverage on shares of Anheuser Busch Inbev SA in a research note on Monday, October 3rd. They issued a “buy” rating for the company. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Anheuser Busch Inbev SA in a research note on Monday, October 10th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Anheuser Busch Inbev SA currently has a consensus rating of “Hold” and an average price target of $133.76.

Anheuser Busch Inbev SA (NYSE:BUD) opened at 102.40 on Friday. The company has a 50-day moving average of $117.17 and a 200-day moving average of $123.97. The company has a market capitalization of $164.63 billion and a P/E ratio of 54.64. Anheuser Busch Inbev SA has a 1-year low of $101.00 and a 1-year high of $136.08.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by $0.36. The business had revenue of $11.69 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same period in the prior year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Anheuser Busch Inbev SA will post $3.64 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 16th will be issued a $1.379 dividend. The ex-dividend date is Monday, November 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of BUD. Franklin Resources Inc. raised its position in Anheuser Busch Inbev SA by 146.4% in the second quarter. Franklin Resources Inc. now owns 5,189,442 shares of the company’s stock valued at $683,345,000 after buying an additional 3,083,352 shares during the period. Lone Pine Capital LLC raised its position in Anheuser Busch Inbev SA by 124.1% in the second quarter. Lone Pine Capital LLC now owns 4,207,607 shares of the company’s stock valued at $554,058,000 after buying an additional 2,329,803 shares during the period. First Eagle Investment Management LLC purchased a new position in Anheuser Busch Inbev SA during the second quarter valued at approximately $207,234,000. The Manufacturers Life Insurance Company purchased a new position in Anheuser Busch Inbev SA during the third quarter valued at approximately $163,418,000. Finally, Senator Investment Group LP raised its position in Anheuser Busch Inbev SA by 95.8% in the second quarter. Senator Investment Group LP now owns 2,350,000 shares of the company’s stock valued at $309,448,000 after buying an additional 1,150,000 shares during the period.

Anheuser Busch Inbev SA Company Profile

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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.

Related posts

Leave a Comment