Barclays PLC Initiates Coverage on Anheuser Busch Inbev SA (BUD)
Analysts at Barclays PLC assumed coverage on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research report issued on Friday. The firm set an “overweight” rating on the stock.
A number of other analysts also recently commented on BUD. Citigroup Inc. reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Monday, September 26th. Vetr downgraded shares of Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 price objective on the stock. in a report on Wednesday, September 28th. Liberum Capital started coverage on shares of Anheuser Busch Inbev SA in a report on Monday, October 3rd. They set a “buy” rating on the stock. Morgan Stanley started coverage on shares of Anheuser Busch Inbev SA in a report on Wednesday, October 5th. They set an “overweight” rating on the stock. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Anheuser Busch Inbev SA in a report on Monday, October 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $134.18.
Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.08% during midday trading on Friday, hitting $105.86. 1,070,694 shares of the stock were exchanged. Anheuser Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The stock has a 50 day moving average price of $104.02 and a 200-day moving average price of $118.57. The company has a market cap of $170.20 billion and a PE ratio of 56.49.
Anheuser Busch Inbev SA (NYSE:BUD) last released 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 company had revenue of $11.69 billion for the quarter, compared to analysts’ expectations of $11.40 billion. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, analysts predict that Anheuser Busch Inbev SA will post $3.49 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. raised its position in shares of Anheuser Busch Inbev SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company’s stock valued at $103,000 after buying an additional 2 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in shares of Anheuser Busch Inbev SA during the second quarter valued at approximately $114,000. Roble Belko & Company Inc bought a new position in shares of Anheuser Busch Inbev SA during the second quarter valued at approximately $132,000. J.Safra Asset Management Corp bought a new position in shares of Anheuser Busch Inbev SA during the second quarter valued at approximately $141,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Anheuser Busch Inbev SA during the third quarter valued at approximately $151,000.
About Anheuser Busch Inbev SA
Anheuser Busch Inbev SA NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. 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.
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