Argus cut shares of Anheuser Busch Inbev (NYSE:BUD) from a buy rating to a hold rating in a report issued on Monday, November 12th, MarketBeat Ratings reports.
Several other brokerages have also weighed in on BUD. Zacks Investment Research raised shares of Anheuser Busch Inbev from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Royal Bank of Canada raised shares of Anheuser Busch Inbev from a sector perform rating to an outperform rating and set a $102.29 price objective for the company in a research note on Monday, October 29th. They noted that the move was a valuation call. Macquarie set a $92.00 price objective on shares of Anheuser Busch Inbev and gave the company a buy rating in a research note on Tuesday, October 16th. Societe Generale upgraded shares of Anheuser Busch Inbev from a hold rating to a buy rating in a research note on Thursday, August 2nd. Finally, Guggenheim initiated coverage on shares of Anheuser Busch Inbev in a research note on Thursday, September 13th. They issued a buy rating and a $107.00 price target for the company. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $113.26.
BUD traded down $1.61 during midday trading on Monday, hitting $74.27. 1,639,440 shares of the company traded hands, compared to its average volume of 1,717,839. The company has a market cap of $130.16 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.84 and a beta of 1.06. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47. Anheuser Busch Inbev has a 52-week low of $72.88 and a 52-week high of $117.06.
Anheuser Busch Inbev (NYSE:BUD) last issued its earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). Anheuser Busch Inbev had a net margin of 12.64% and a return on equity of 18.68%. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.74 billion. On average, research analysts forecast that Anheuser Busch Inbev will post 4.08 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.9131 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a dividend yield of 2.38%. Anheuser Busch Inbev’s payout ratio is currently 33.42%.
Several hedge funds and other institutional investors have recently modified their holdings of BUD. CWM LLC boosted its position in shares of Anheuser Busch Inbev by 1,605.2% during the 2nd quarter. CWM LLC now owns 989 shares of the consumer goods maker’s stock worth $100,000 after purchasing an additional 931 shares in the last quarter. Opera Trading Capital purchased a new stake in shares of Anheuser Busch Inbev in the 2nd quarter worth about $101,000. Ayalon Holdings Ltd. purchased a new stake in shares of Anheuser Busch Inbev in the 3rd quarter worth about $121,000. Parkside Financial Bank & Trust boosted its position in shares of Anheuser Busch Inbev by 57.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the consumer goods maker’s stock worth $138,000 after buying an additional 500 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Anheuser Busch Inbev in the 3rd quarter worth about $149,000. Institutional investors own 4.43% 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 worldwide. It 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, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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