Madison Asset Management LLC Raises Stake in Heineken NV $HEINY

Madison Asset Management LLC increased its holdings in shares of Heineken NV (OTCMKTS:HEINYFree Report) by 22.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 140,879 shares of the company’s stock after purchasing an additional 26,226 shares during the quarter. Madison Asset Management LLC’s holdings in Heineken were worth $1,312,000 as of its most recent filing with the SEC.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Heineken in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. cut shares of Heineken from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on Heineken

Heineken Stock Performance

Shares of OTCMKTS:HEINY opened at $42.06 on Friday. The company has a 50 day moving average of $43.11 and a two-hundred day moving average of $41.55. Heineken NV has a 52-week low of $37.03 and a 52-week high of $47.63. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 0.79.

About Heineken

(Free Report)

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.

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