Anheuser-Busch InBev (NYSE:BUD) received a $127.00 price objective from equities research analysts at Susquehanna Bancshares in a report issued on Friday. The firm presently has a “buy” rating on the consumer goods maker’s stock. Susquehanna Bancshares’ price objective points to a potential upside of 34.68% from the company’s previous close.
BUD has been the topic of a number of other reports. JPMorgan Chase dropped their price target on Anheuser-Busch InBev from $102.48 to $96.28 and set an “underweight” rating on the stock in a research report on Wednesday, April 11th. Bank of America cut Anheuser-Busch InBev from a “neutral” rating to an “underperform” rating and set a $115.00 price target on the stock. in a research report on Thursday, April 26th. ValuEngine cut Anheuser-Busch InBev from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. Sanford C. Bernstein upgraded Anheuser-Busch InBev from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $115.19 to $132.00 in a research report on Monday, March 12th. Finally, UBS upgraded Anheuser-Busch InBev from a “neutral” rating to a “positive” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $122.79.
Shares of Anheuser-Busch InBev opened at $94.30 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.55 and a current ratio of 0.66. The company has a market cap of $159.88 billion, a PE ratio of 23.34, a P/E/G ratio of 1.95 and a beta of 1.01. Anheuser-Busch InBev has a twelve month low of $92.97 and a twelve month high of $126.50.
Anheuser-Busch InBev (NYSE:BUD) last announced its quarterly earnings results on Wednesday, May 9th. The consumer goods maker reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.06). The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.94 billion. Anheuser-Busch InBev had a return on equity of 19.43% and a net margin of 13.45%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. research analysts expect that Anheuser-Busch InBev will post 4.72 EPS for the current year.
A number of hedge funds have recently modified their holdings of BUD. Elite Wealth Management Inc. bought a new position in Anheuser-Busch InBev in the 4th quarter worth approximately $341,000. Viking Global Investors LP grew its holdings in Anheuser-Busch InBev by 82.0% in the 4th quarter. Viking Global Investors LP now owns 2,856,181 shares of the consumer goods maker’s stock worth $318,636,000 after buying an additional 1,287,055 shares in the last quarter. American International Group Inc. bought a new position in Anheuser-Busch InBev in the 4th quarter worth approximately $1,128,000. HS Management Partners LLC bought a new position in Anheuser-Busch InBev in the 4th quarter worth approximately $92,681,000. Finally, Maverick Capital Ltd. grew its holdings in Anheuser-Busch InBev by 53.0% in the 4th quarter. Maverick Capital Ltd. now owns 2,261,184 shares of the consumer goods maker’s stock worth $252,258,000 after buying an additional 783,554 shares in the last quarter. 5.94% of the stock is owned by institutional investors and hedge funds.
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 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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