Heineken NV (OTCMKTS:HEINY) Given Average Recommendation of “Hold” by Analysts

Shares of Heineken NV (OTCMKTS:HEINY) have earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

A number of analysts have recently commented on HEINY shares. JPMorgan Chase & Co. lowered Heineken from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a research report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a research note on Thursday, August 6th.

Institutional Trading of Heineken

A number of institutional investors have recently made changes to their positions in the business. Madison Asset Management LLC boosted its holdings in Heineken by 22.9% during the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock worth $1,312,000 after purchasing an additional 26,226 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Heineken in the 2nd quarter valued at $1,585,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Heineken in the 2nd quarter valued at $2,916,000.

Heineken Stock Performance

HEINY stock opened at $42.08 on Tuesday. The stock has a 50-day moving average price of $43.37 and a two-hundred day moving average price of $41.50. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. Heineken has a 1 year low of $37.03 and a 1 year high of $47.63.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on‑trade and off‑trade channels as well as e‑commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.