Anheuser Busch Inbev (BUD) Stock Rating Upgraded by Argus
Argus upgraded shares of Anheuser Busch Inbev (NYSE:BUD) from a hold rating to a buy rating in a report released on Thursday morning, BenzingaRatingsTable reports.
Several other equities research analysts have also recently commented on BUD. Zacks Investment Research raised Anheuser Busch Inbev from a strong sell rating to a hold rating in a report on Tuesday, April 9th. Barclays assumed coverage on Anheuser Busch Inbev in a report on Tuesday, April 2nd. They set an equal weight rating and a $83.64 target price on the stock. Bank of America raised Anheuser Busch Inbev from an underperform rating to a neutral rating and set a $91.00 target price on the stock in a report on Friday, April 5th. Royal Bank of Canada cut Anheuser Busch Inbev from a top pick rating to a sector perform rating and set a $75.00 target price on the stock. in a report on Thursday, March 7th. Finally, Societe Generale assumed coverage on Anheuser Busch Inbev in a report on Friday, February 1st. They set a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $90.38.
Shares of NYSE BUD opened at $81.40 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.53 and a quick ratio of 0.41. The company has a market cap of $139.49 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17. Anheuser Busch Inbev has a 12-month low of $64.54 and a 12-month high of $106.86.
The company also recently announced a semiannual dividend, which will be paid on Thursday, June 6th. Investors of record on Wednesday, May 8th will be issued a dividend of $1.1152 per share. This is a boost from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a yield of 2.55%. Anheuser Busch Inbev’s payout ratio is presently 48.26%.
Large investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its holdings in shares of Anheuser Busch Inbev by 18.4% in the first quarter. Clearbridge Investments LLC now owns 10,877,335 shares of the consumer goods maker’s stock valued at $913,370,000 after buying an additional 1,686,528 shares in the last quarter. Diversified Trust Co bought a new position in shares of Anheuser Busch Inbev in the first quarter valued at $245,000. GYL Financial Synergies LLC bought a new position in shares of Anheuser Busch Inbev in the first quarter valued at $419,000. M Holdings Securities Inc. bought a new position in shares of Anheuser Busch Inbev in the first quarter valued at $276,000. Finally, Thomasville National Bank increased its holdings in shares of Anheuser Busch Inbev by 9.3% in the first quarter. Thomasville National Bank now owns 10,165 shares of the consumer goods maker’s stock valued at $854,000 after buying an additional 867 shares in the last quarter. 4.50% of the stock is currently owned by hedge funds and other institutional investors.
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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