Anheuser Busch Inbev NV (NYSE:BUD) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.33.
Several research analysts have recently issued reports on BUD shares. ValuEngine raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Barclays started coverage on Anheuser Busch Inbev in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 price target for the company. Bank of America raised Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Finally, Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th.
A number of hedge funds have recently made changes to their positions in BUD. Lenox Wealth Management Inc. lifted its stake in Anheuser Busch Inbev by 423.7% in the 1st quarter. Lenox Wealth Management Inc. now owns 309 shares of the consumer goods maker’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Investors Research Corp bought a new position in shares of Anheuser Busch Inbev in the 1st quarter valued at approximately $26,000. Enterprise Financial Services Corp raised its stake in shares of Anheuser Busch Inbev by 135.7% in the 1st quarter. Enterprise Financial Services Corp now owns 337 shares of the consumer goods maker’s stock valued at $28,000 after acquiring an additional 194 shares in the last quarter. Strategy Asset Managers LLC bought a new position in shares of Anheuser Busch Inbev in the 1st quarter valued at approximately $28,000. Finally, Alera Investment Advisors LLC raised its stake in shares of Anheuser Busch Inbev by 114.9% in the 1st quarter. Alera Investment Advisors LLC now owns 346 shares of the consumer goods maker’s stock valued at $29,000 after acquiring an additional 185 shares in the last quarter. 4.52% of the stock is owned by institutional investors and hedge funds.
Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 34.10% and a net margin of 13.81%. The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $13.81 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts expect that Anheuser Busch Inbev will post 4.68 earnings per share for the current fiscal year.
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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