Anheuser Busch Inbev (NYSE:BUD) Upgraded to “Hold” by Redburn Partners

Redburn Partners upgraded shares of Anheuser Busch Inbev (NYSE:BUD) from a sell rating to a hold rating in a research report report published on Monday morning, The Fly reports.

Several other research firms also recently commented on BUD. Guggenheim set a $106.00 price target on shares of Anheuser Busch Inbev and gave the stock a buy rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $79.00 price target (down previously from $94.00) on shares of Anheuser Busch Inbev in a research note on Thursday, November 7th. Jefferies Financial Group raised shares of Anheuser Busch Inbev to a hold rating and set a $95.00 price target on the stock in a research note on Monday, August 12th. UBS Group downgraded shares of Anheuser Busch Inbev from a buy rating to a neutral rating in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Anheuser Busch Inbev from a sell rating to a strong sell rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Anheuser Busch Inbev has a consensus rating of Hold and an average price target of $89.08.

BUD stock traded down $0.86 during trading on Monday, hitting $79.19. The company had a trading volume of 960,612 shares, compared to its average volume of 1,399,396. The firm has a market capitalization of $130.08 billion, a P/E ratio of 23.02, a PEG ratio of 2.19 and a beta of 1.16. Anheuser Busch Inbev has a 52-week low of $64.54 and a 52-week high of $102.70. The company has a 50 day simple moving average of $86.48 and a 200-day simple moving average of $89.82. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30.

Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Friday, October 25th. The consumer goods maker reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.14). The company had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $13.78 billion. Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Sell-side analysts forecast that Anheuser Busch Inbev will post 4.3 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th will be issued a $0.661 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. Anheuser Busch Inbev’s dividend payout ratio is currently 48.55%.

Several large investors have recently added to or reduced their stakes in the company. Clarus Wealth Advisors boosted its holdings in shares of Anheuser Busch Inbev by 17.1% in the 2nd quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after buying an additional 105 shares in the last quarter. Cozad Asset Management Inc. boosted its holdings in shares of Anheuser Busch Inbev by 3.2% in the 2nd quarter. Cozad Asset Management Inc. now owns 3,563 shares of the consumer goods maker’s stock valued at $315,000 after buying an additional 110 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Anheuser Busch Inbev by 3.2% in the 2nd quarter. Miracle Mile Advisors LLC now owns 3,669 shares of the consumer goods maker’s stock valued at $325,000 after buying an additional 114 shares in the last quarter. Galibier Capital Management Ltd. boosted its holdings in shares of Anheuser Busch Inbev by 0.5% in the 2nd quarter. Galibier Capital Management Ltd. now owns 27,516 shares of the consumer goods maker’s stock valued at $2,435,000 after buying an additional 133 shares in the last quarter. Finally, Windward Capital Management Co. CA boosted its holdings in shares of Anheuser Busch Inbev by 0.8% in the 2nd quarter. Windward Capital Management Co. CA now owns 19,523 shares of the consumer goods maker’s stock valued at $1,728,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 4.54% of the company’s stock.

Anheuser Busch Inbev Company Profile

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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