Anheuser Busch Inbev (NYSE:BUD) Rating Reiterated by JPMorgan Chase & Co.

Anheuser Busch Inbev (NYSE:BUD)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They presently have a $79.00 price objective on the consumer goods maker’s stock, down from their prior price objective of $94.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 0.66% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Macquarie reaffirmed a “neutral” rating on shares of Anheuser Busch Inbev in a report on Monday, October 28th. ValuEngine downgraded shares of Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. Bank of America raised shares of Anheuser Busch Inbev from a “neutral” rating to a “buy” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Finally, Guggenheim set a $106.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $89.08.

NYSE:BUD traded up $0.10 during trading hours on Thursday, hitting $78.48. 1,051,127 shares of the stock traded hands, compared to its average volume of 1,406,006. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a 1 year low of $64.54 and a 1 year high of $102.70. The company has a market cap of $127.86 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.16. The stock has a 50 day moving average price of $89.35 and a 200 day moving average price of $90.23.

Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the firm earned $0.82 EPS. Anheuser Busch Inbev’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Anheuser Busch Inbev will post 4.62 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in BUD. Selective Wealth Management Inc. purchased a new stake in Anheuser Busch Inbev during the third quarter valued at $28,000. Usca Ria LLC purchased a new stake in Anheuser Busch Inbev during the third quarter valued at $36,000. Contravisory Investment Management Inc. purchased a new stake in Anheuser Busch Inbev during the third quarter valued at $56,000. Lenox Wealth Management Inc. raised its stake in Anheuser Busch Inbev by 166.3% during the third quarter. Lenox Wealth Management Inc. now owns 671 shares of the consumer goods maker’s stock valued at $63,000 after purchasing an additional 419 shares in the last quarter. Finally, Clarus Wealth Advisors raised its stake in Anheuser Busch Inbev by 17.1% during the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after purchasing an additional 105 shares in the last quarter. 4.54% of the stock is currently 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. The company 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, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

Read More: How Do Mutual Funds Work?

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.