Anheuser-Busch Inbev SA (BUD) Coverage Initiated by Analysts at Argus

Argus initiated coverage on shares of Anheuser-Busch Inbev SA (NYSE:BUD) in a report issued on Friday, Marketbeat.com reports. The firm issued a buy rating and a $136.00 price objective on the consumer goods maker’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Anheuser-Busch Inbev SA from a hold rating to a buy rating and set a $128.00 price objective on the stock in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a buy rating and set a $132.00 price objective on shares of Anheuser-Busch Inbev SA in a research note on Monday, May 15th. BidaskClub lowered shares of Anheuser-Busch Inbev SA from a hold rating to a sell rating in a research note on Wednesday, June 14th. Stifel Nicolaus reissued a buy rating and set a $140.00 price objective (up previously from $134.00) on shares of Anheuser-Busch Inbev SA in a research note on Friday, June 23rd. Finally, Susquehanna Bancshares Inc set a $111.00 price objective on shares of Anheuser-Busch Inbev SA and gave the stock a hold rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $126.81.

Shares of Anheuser-Busch Inbev SA (NYSE BUD) opened at 121.63 on Friday. Anheuser-Busch Inbev SA has a 12 month low of $98.28 and a 12 month high of $136.08. The company has a 50 day moving average of $117.92 and a 200 day moving average of $114.21. The stock has a market cap of $235.20 billion, a P/E ratio of 60.63 and a beta of 1.07.

Anheuser-Busch Inbev SA (NYSE:BUD) last released its quarterly earnings data on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.14 by $0.19. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $14.15 billion. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue was up 31.2% compared to the same quarter last year. Equities research analysts expect that Anheuser-Busch Inbev SA will post $4.13 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in Anheuser-Busch Inbev SA by 0.8% in the second quarter. Franklin Resources Inc. now owns 8,950,919 shares of the consumer goods maker’s stock valued at $987,823,000 after buying an additional 70,245 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Anheuser-Busch Inbev SA by 1.0% in the second quarter. Fisher Asset Management LLC now owns 5,707,561 shares of the consumer goods maker’s stock valued at $629,886,000 after purchasing an additional 57,541 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Anheuser-Busch Inbev SA by 11.3% in the first quarter. Clearbridge Investments LLC now owns 4,938,501 shares of the consumer goods maker’s stock valued at $542,050,000 after purchasing an additional 502,195 shares during the last quarter. Morgan Stanley raised its holdings in shares of Anheuser-Busch Inbev SA by 51.0% in the first quarter. Morgan Stanley now owns 3,892,315 shares of the consumer goods maker’s stock valued at $427,221,000 after purchasing an additional 1,315,414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Anheuser-Busch Inbev SA by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock valued at $349,844,000 after purchasing an additional 352,595 shares during the last quarter. 5.50% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch Inbev SA Company Profile

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

Analyst Recommendations for Anheuser-Busch Inbev SA (NYSE:BUD)

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