Anheuser Busch Inbev (NYSE:BUD) Upgraded at Jefferies Financial Group

Anheuser Busch Inbev (NYSE:BUD) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued to investors on Monday, TipRanks reports. The firm currently has a $95.00 price objective on the consumer goods maker’s stock. Jefferies Financial Group’s price target suggests a potential upside of 1.68% from the company’s previous close.

BUD has been the subject of several other reports. UBS Group downgraded Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Argus raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Bank of America raised 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. Finally, ValuEngine raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Anheuser Busch Inbev presently has a consensus rating of “Hold” and an average target price of $89.27.

NYSE BUD traded down $2.24 during trading on Monday, reaching $93.43. 167,523 shares of the company’s stock were exchanged, compared to its average volume of 1,466,472. The firm has a market cap of $159.54 billion, a PE ratio of 27.08, a P/E/G ratio of 2.13 and a beta of 1.16. 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 50 day simple moving average of $94.19. Anheuser Busch Inbev has a 1 year low of $64.54 and a 1 year high of $102.70.

Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 21.79% and a net margin of 13.81%. The business had revenue of $13.96 billion during the quarter, compared to the consensus estimate of $13.81 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts anticipate that Anheuser Busch Inbev will post 5.06 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. HBK Sorce Advisory LLC purchased a new position in Anheuser Busch Inbev during the second quarter worth $155,000. Balyasny Asset Management LLC lifted its stake in shares of Anheuser Busch Inbev by 16.9% during the second quarter. Balyasny Asset Management LLC now owns 1,123,209 shares of the consumer goods maker’s stock worth $99,415,000 after purchasing an additional 162,297 shares in the last quarter. First Foundation Advisors grew its holdings in shares of Anheuser Busch Inbev by 19.3% during the second quarter. First Foundation Advisors now owns 168,819 shares of the consumer goods maker’s stock valued at $14,943,000 after purchasing an additional 27,349 shares during the last quarter. Vontobel Asset Management Inc. grew its holdings in shares of Anheuser Busch Inbev by 0.5% during the second quarter. Vontobel Asset Management Inc. now owns 707,226 shares of the consumer goods maker’s stock valued at $62,595,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Tranquility Partners LLC acquired a new position in shares of Anheuser Busch Inbev during the second quarter worth approximately $324,000. Hedge funds and other institutional investors own 4.47% of the company’s stock.

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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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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