Anheuser Busch Inbev (NYSE:BUD) Upgraded to “Hold” by Jefferies Financial Group

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Jefferies Financial Group upgraded shares of Anheuser Busch Inbev (NYSE:BUD) to a hold rating in a report published on Monday morning, TipRanks reports. The firm currently has $95.00 price target on the consumer goods maker’s stock.

Several other research firms have also recently weighed in on BUD. UBS Group cut shares of Anheuser Busch Inbev from a buy rating to a neutral rating in a report on Tuesday, August 6th. Bank of America raised shares of Anheuser Busch Inbev from a neutral rating to a buy rating in a research report on Monday, July 29th. They noted that the move was a valuation call. ValuEngine raised shares of Anheuser Busch Inbev from a sell rating to a hold rating in a research report on Friday, July 19th. Finally, Argus raised shares of Anheuser Busch Inbev from a hold rating to a buy rating in a research report on Thursday, May 30th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $89.27.

Shares of Anheuser Busch Inbev stock traded down $2.31 on Monday, hitting $93.36. The company had a trading volume of 1,945,695 shares, compared to its average volume of 1,469,544. The company has a market capitalization of $159.54 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.13 and a beta of 1.16. Anheuser Busch Inbev has a twelve month low of $64.54 and a twelve month high of $102.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.54 and a quick ratio of 0.41. The company has a 50-day simple moving average of $94.19.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.12. The company had revenue of $13.96 billion during the quarter, compared to analysts’ expectations of $13.81 billion. Anheuser Busch Inbev had a net margin of 13.81% and a return on equity of 21.79%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. As a group, equities analysts predict that Anheuser Busch Inbev will post 5.06 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in BUD. Clarus Wealth Advisors raised its position 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 worth $64,000 after acquiring an additional 105 shares in the last quarter. Cozad Asset Management Inc. raised its position in Anheuser Busch Inbev by 3.2% during the second quarter. Cozad Asset Management Inc. now owns 3,563 shares of the consumer goods maker’s stock worth $315,000 after acquiring an additional 110 shares in the last quarter. Carroll Financial Associates Inc. raised its position in Anheuser Busch Inbev by 10.9% during the first quarter. Carroll Financial Associates Inc. now owns 1,157 shares of the consumer goods maker’s stock worth $97,000 after acquiring an additional 114 shares in the last quarter. Miracle Mile Advisors LLC raised its position in Anheuser Busch Inbev by 3.2% during the second quarter. Miracle Mile Advisors LLC now owns 3,669 shares of the consumer goods maker’s stock worth $325,000 after acquiring an additional 114 shares in the last quarter. Finally, National Asset Management Inc. raised its position in Anheuser Busch Inbev by 3.7% during the first quarter. National Asset Management Inc. now owns 3,523 shares of the consumer goods maker’s stock worth $297,000 after acquiring an additional 126 shares in the last quarter. 4.47% of the stock is currently owned by institutional investors and hedge funds.

About Anheuser Busch Inbev

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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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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