Anheuser-Busch Inbev SA (NYSE:BUD) was upgraded by Vetr from a "sell" rating to a "hold" rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $120.10 target price on the stock. Vetr's price target indicates a potential downside of 2.87% from the company's current price.
Other hedge funds and institutional investors have modified their holdings of the company. Winslow Evans & Crocker Inc. raised its position in shares of Anheuser Busch Inbev (BR:ABI) SA by 0.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 782 shares of the company's stock valued at $103,000 after buying an additional 2 shares during the last quarter. Stuart Chaussee & Associates Inc. raised its position in shares of Anheuser Busch Inbev SA by 36.0% in the second quarter. Stuart Chaussee & Associates Inc. now owns 925 shares of the company's stock valued at $122,000 after buying an additional 245 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in Anheuser Busch Inbev SA by 58.1% in the first quarter. Ropes Wealth Advisors LLC now owns 1,015 shares of the company's stock worth $127,000 after buying an additional 373 shares during the period. Lebenthal Asset Management LLC purchased a new position in Anheuser Busch Inbev SA during the first quarter worth approximately $254,000. Finally, Webster Bank N. A. purchased a new position in Anheuser Busch Inbev SA during the second quarter worth approximately $263,000.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Anheuser Busch Inbev SA from a "sell" rating to a "hold" rating in a report on Wednesday, MarketBeat.com reports. Natixis raised Anheuser Busch Inbev SA from a "reduce" rating to a "neutral" rating in a report on Wednesday, MarketBeat.com reports. Susquehanna cut Anheuser Busch Inbev SA from a "positive" rating to a "neutral" rating in a report on Monday, MarketBeat.com reports. Bank Degroof cut Anheuser Busch Inbev SA to a "hold" rating in a report on Thursday, July 28th. Finally, Royal Bank Of Canada cut Anheuser Busch Inbev SA from a "sector perform" rating to an "underperform" rating and increased their target price for the company from $102.00 to $106.00 in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of "Buy" and an average price target of $132.80.
Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.79% during midday trading on Wednesday, hitting $123.65. The company had a trading volume of 1,296,633 shares. The company has a market capitalization of $198.80 billion and a PE ratio of 52.31. The company has a 50-day moving average of $126.31 and a 200-day moving average of $123.29. Anheuser Busch Inbev SA has a 12 month low of $102.58 and a 12 month high of $132.91.
Anheuser Busch Inbev SA (NYSE:BUD) last released its quarterly earnings results on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.06. During the same period in the previous year, the company posted $1.21 EPS. The business earned $10.81 billion during the quarter, compared to analyst estimates of $10.93 billion. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts predict that Anheuser Busch Inbev SA will post $3.74 earnings per share for the current year.
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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.