Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $66.54, but opened at $59.37. Anheuser-Busch InBev SA/NV shares last traded at $58.67, with a volume of 1,919,305 shares.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on BUD. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Finally, The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $70.10 to $88.00 in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $71.50.
Check Out Our Latest Stock Report on Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV Price Performance
The stock has a market cap of $104.45 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.43 and a beta of 0.79. The company has a 50-day moving average of $68.97 and a 200-day moving average of $63.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.
Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%. During the same period in the previous year, the firm posted $0.90 EPS. Anheuser-Busch InBev SA/NV's revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.
Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV
Institutional investors have recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after purchasing an additional 347,000 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 224.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock valued at $1,555,000 after purchasing an additional 17,476 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 31.7% in the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock valued at $901,000 after purchasing an additional 3,526 shares in the last quarter. LPL Financial LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 32.7% in the 4th quarter. LPL Financial LLC now owns 160,261 shares of the consumer goods maker's stock valued at $8,024,000 after purchasing an additional 39,483 shares in the last quarter. Finally, Pinnacle Financial Partners Inc purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $2,341,000. Hedge funds and other institutional investors own 5.53% of the company's stock.
About Anheuser-Busch InBev SA/NV
(
Get Free Report)
Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.
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