Anheuser Busch Inbev (BUD) Hits New 1-Year Low at $71.10

Shares of Anheuser Busch Inbev NV (NYSE:BUD) hit a new 52-week low during trading on Thursday . The company traded as low as $71.10 and last traded at $71.61, with a volume of 84258 shares changing hands. The stock had previously closed at $74.27.

A number of analysts have commented on the stock. Argus cut shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, November 12th. Macquarie cut shares of Anheuser Busch Inbev from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Wednesday, October 31st. Royal Bank of Canada raised shares of Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 target price for the company in a report on Monday, October 29th. They noted that the move was a valuation call. Jefferies Financial Group cut shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Zacks Investment Research cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $113.26.

The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.53 and a current ratio of 0.67. The company has a market capitalization of $122.37 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.74 billion. Anheuser Busch Inbev had a return on equity of 18.68% and a net margin of 12.64%. As a group, analysts anticipate that Anheuser Busch Inbev NV will post 4.08 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be given a dividend of $0.9131 per share. The ex-dividend date is Tuesday, November 27th. This represents a dividend yield of 2.38%. Anheuser Busch Inbev’s dividend payout ratio is 33.42%.

Several large investors have recently modified their holdings of BUD. Gardner Russo & Gardner LLC bought a new position in shares of Anheuser Busch Inbev during the second quarter worth $818,436,000. Franklin Resources Inc. boosted its position in shares of Anheuser Busch Inbev by 44.5% during the third quarter. Franklin Resources Inc. now owns 7,714,058 shares of the consumer goods maker’s stock worth $675,521,000 after acquiring an additional 2,377,177 shares during the last quarter. Vontobel Asset Management Inc. bought a new position in shares of Anheuser Busch Inbev during the second quarter worth $43,660,000. Clearbridge Investments LLC boosted its position in shares of Anheuser Busch Inbev by 5.8% during the third quarter. Clearbridge Investments LLC now owns 7,809,706 shares of the consumer goods maker’s stock worth $683,896,000 after acquiring an additional 429,408 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Anheuser Busch Inbev by 446.8% during the third quarter. Russell Investments Group Ltd. now owns 391,204 shares of the consumer goods maker’s stock valued at $34,290,000 after purchasing an additional 319,654 shares during the last quarter. Hedge funds and other institutional investors own 4.43% of the company’s stock.

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About Anheuser Busch Inbev (NYSE:BUD)

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.

See Also: Retained Earnings

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