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

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

Several other analysts have also commented on the stock. ValuEngine lowered shares of Anheuser Busch Inbev from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. 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. Zacks Investment Research lowered shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating and set a $99.00 price target for the company. in a research report on Monday, September 2nd. Macquarie reissued a “neutral” rating on shares of Anheuser Busch Inbev in a research report on Monday, October 28th. Finally, Guggenheim set a $106.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.08.

Anheuser Busch Inbev stock traded up $0.10 during midday trading on Thursday, hitting $78.48. 1,051,127 shares of the company’s stock were exchanged, compared to its average volume of 1,406,006. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.54. Anheuser Busch Inbev has a 12 month low of $64.54 and a 12 month high of $102.70. The firm has a 50-day moving average of $89.35 and a two-hundred day moving average of $90.23. The company has a market cap of $127.86 billion, a PE ratio of 22.81, a P/E/G ratio of 2.02 and a beta of 1.16.

Anheuser Busch Inbev (NYSE:BUD) last issued its earnings results on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The business had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Anheuser Busch Inbev will post 4.62 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in BUD. Amundi Pioneer Asset Management Inc. raised its position in shares of Anheuser Busch Inbev by 272.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,000 shares of the consumer goods maker’s stock valued at $2,519,000 after purchasing an additional 47,400 shares during the last quarter. Thomasville National Bank raised its position in shares of Anheuser Busch Inbev by 9.1% in the 2nd quarter. Thomasville National Bank now owns 11,085 shares of the consumer goods maker’s stock valued at $981,000 after purchasing an additional 920 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Anheuser Busch Inbev by 18.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,370 shares of the consumer goods maker’s stock valued at $121,000 after purchasing an additional 213 shares during the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of Anheuser Busch Inbev in the 2nd quarter valued at approximately $221,000. Finally, Zions Bancorporation N.A. raised its position in shares of Anheuser Busch Inbev by 34.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 3,852 shares of the consumer goods maker’s stock valued at $341,000 after purchasing an additional 978 shares during the last quarter. 4.54% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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