Anheuser Busch Inbev (BUD) Downgraded by Macquarie to Neutral

Macquarie downgraded shares of Anheuser Busch Inbev (NYSE:BUD) from an outperform rating to a neutral rating in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has $75.00 price objective on the consumer goods maker’s stock.

Other equities research analysts also recently issued reports about the company. Societe Generale raised Anheuser Busch Inbev from a hold rating to a buy rating in a report on Thursday, August 2nd. Guggenheim assumed coverage on Anheuser Busch Inbev in a report on Thursday, September 13th. They set a buy rating and a $107.00 target price for the company. Zacks Investment Research raised Anheuser Busch Inbev from a sell rating to a hold rating in a report on Wednesday, September 5th. Royal Bank of Canada raised 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. They noted that the move was a valuation call. Finally, Jefferies Financial Group downgraded Anheuser Busch Inbev from a buy rating to a hold rating in a report on Monday, October 1st. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $113.26.

Shares of NYSE BUD traded up $2.53 during mid-day trading on Wednesday, hitting $76.51. 44,848 shares of the company traded hands, compared to its average volume of 2,326,755. Anheuser Busch Inbev has a 1 year low of $72.88 and a 1 year high of $123.24. The company has a market cap of $125.88 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.78 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47.

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

A number of institutional investors have recently made changes to their positions in BUD. CWM LLC lifted its stake in Anheuser Busch Inbev by 1,605.2% in the 2nd quarter. CWM LLC now owns 989 shares of the consumer goods maker’s stock worth $100,000 after acquiring an additional 931 shares in the last quarter. Opera Trading Capital acquired a new position in Anheuser Busch Inbev in the 2nd quarter worth about $101,000. Ayalon Holdings Ltd. acquired a new position in Anheuser Busch Inbev in the 3rd quarter worth about $121,000. Parkside Financial Bank & Trust increased its position in Anheuser Busch Inbev by 57.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the consumer goods maker’s stock worth $138,000 after purchasing an additional 500 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Anheuser Busch Inbev by 87.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,636 shares of the consumer goods maker’s stock worth $165,000 after purchasing an additional 763 shares during the last quarter. 4.58% of the stock is owned by hedge funds and other institutional investors.

Anheuser Busch Inbev Company Profile

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.

Recommended Story: How analysts view the yield curve

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply