Anheuser Busch Inbev (BUD) Reaches New 1-Year Low at $71.10

Anheuser Busch Inbev NV (NYSE:BUD)’s share price hit a new 52-week low on Thursday . The company traded as low as $71.10 and last traded at $71.61, with a volume of 84258 shares trading hands. The stock had previously closed at $74.27.

BUD has been the topic of a number of research analyst reports. Macquarie set a $92.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a report on Tuesday, October 16th. Guggenheim initiated coverage on shares of Anheuser Busch Inbev in a report on Thursday, September 13th. They issued a “buy” rating and a $107.00 price target on the stock. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Jefferies Financial Group lowered shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Argus lowered shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, November 12th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $113.26.

The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.53 and a current ratio of 0.67. The firm has a market cap of $125.76 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.78 and a beta of 1.06.

Anheuser Busch Inbev (NYSE:BUD) last posted its earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.74 billion. Anheuser Busch Inbev had a net margin of 12.64% and a return on equity of 18.68%. Research analysts forecast that Anheuser Busch Inbev NV will post 4.08 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 21st. Investors of record on Wednesday, November 28th will be issued a dividend of $0.9131 per share. The ex-dividend date is Tuesday, November 27th. This represents a dividend yield of 2.38%. Anheuser Busch Inbev’s payout ratio is 33.42%.

Several large investors have recently bought and sold shares of the stock. Gardner Russo & Gardner LLC acquired a new position in shares of Anheuser Busch Inbev during the 2nd quarter valued at $818,436,000. Clearbridge Investments LLC lifted its holdings in shares of Anheuser Busch Inbev by 5.8% during the 3rd quarter. Clearbridge Investments LLC now owns 7,809,706 shares of the consumer goods maker’s stock valued at $683,896,000 after acquiring an additional 429,408 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Anheuser Busch Inbev by 44.5% during the 3rd quarter. Franklin Resources Inc. now owns 7,714,058 shares of the consumer goods maker’s stock valued at $675,521,000 after acquiring an additional 2,377,177 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Anheuser Busch Inbev by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 6,446,579 shares of the consumer goods maker’s stock valued at $564,527,000 after acquiring an additional 100,075 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Anheuser Busch Inbev by 6.2% during the 3rd quarter. Morgan Stanley now owns 4,729,784 shares of the consumer goods maker’s stock valued at $414,186,000 after acquiring an additional 274,995 shares in the last quarter. Institutional investors and hedge funds own 4.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2018/12/06/anheuser-busch-inbev-bud-reaches-new-1-year-low-at-71-10.html.

About Anheuser Busch Inbev (NYSE:BUD)

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It 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, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.

Featured Story: Hedge Funds

Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply