Traders Sell Shares of Anheuser Busch Inbev (BUD) on Strength (BUD)
Investors sold shares of Anheuser Busch Inbev NV (NYSE:BUD) on strength during trading on Friday. $75.55 million flowed into the stock on the tick-up and $112.15 million flowed out of the stock on the tick-down, for a money net flow of $36.60 million out of the stock. Of all equities tracked, Anheuser Busch Inbev had the 32nd highest net out-flow for the day. Anheuser Busch Inbev traded up $0.70 for the day and closed at $114.90
A number of brokerages recently commented on BUD. Susquehanna Bancshares set a $129.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a report on Wednesday, October 25th. Societe Generale lowered shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Monday, November 6th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a report on Friday. Finally, Jefferies Group set a $134.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Anheuser Busch Inbev presently has a consensus rating of “Hold” and a consensus target price of $126.53.
The company has a market capitalization of $193,530.00, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30.
Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation grew its position in Anheuser Busch Inbev by 800.0% in the third quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after purchasing an additional 784 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in Anheuser Busch Inbev in the third quarter valued at $112,000. Evercore Wealth Management LLC bought a new position in Anheuser Busch Inbev in the second quarter valued at $104,000. Acropolis Investment Management LLC bought a new position in Anheuser Busch Inbev in the fourth quarter valued at $167,000. Finally, Spectrum Asset Management Inc. NB CA bought a new position in Anheuser Busch Inbev in the third quarter valued at $200,000. 5.67% of the stock is owned by institutional investors and hedge funds.
Anheuser Busch Inbev Company Profile
Anheuser Busch Inbev 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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