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.
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.
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