Heineken (OTCMKTS:HEINY) Sees Strong Trading Volume – Still a Buy?

Heineken NV (OTCMKTS:HEINY) shares saw unusually-strong trading volume on Wednesday . 565,505 shares traded hands during trading, an increase of 386% from the previous session’s volume of 116,459 shares.The stock last traded at $42.08 and had previously closed at $42.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HEINY shares. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Heineken currently has an average rating of “Hold”.

Heineken Stock Up 0.3%

The stock has a 50-day moving average price of $43.05 and a 200-day moving average price of $41.54. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On Heineken

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Heineken during the second quarter valued at about $2,916,000. Madison Asset Management LLC lifted its position in Heineken by 22.9% during the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock valued at $1,312,000 after purchasing an additional 26,226 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Heineken in the second quarter worth approximately $1,585,000.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.