JPMorgan Chase & Co. Reiterates Neutral Rating for Anheuser Busch Inbev (NYSE:BUD)

JPMorgan Chase & Co. restated their neutral rating on shares of Anheuser Busch Inbev (NYSE:BUD) in a report released on Thursday morning. They currently have a $79.00 price objective on the consumer goods maker’s stock, down from their prior price objective of $94.00.

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Several other equities research analysts have also recently commented on the company. ValuEngine cut Anheuser Busch Inbev from a sell rating to a strong sell rating in a report on Friday, October 25th. Jefferies Financial Group raised Anheuser Busch Inbev to a hold rating and set a $95.00 target price on the stock in a report on Monday, August 12th. Macquarie reissued a neutral rating on shares of Anheuser Busch Inbev in a report on Monday, October 28th. Guggenheim set a $106.00 target price on Anheuser Busch Inbev and gave the stock a buy rating in a report on Friday, October 25th. Finally, UBS Group cut Anheuser Busch Inbev from a buy rating to a neutral rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $89.08.

Shares of NYSE BUD 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 current ratio of 0.54 and a quick ratio of 0.41. The stock’s 50 day moving average price is $89.35 and its 200-day moving average price is $90.23. The firm has a market cap of $127.86 billion, a P/E ratio of 22.81, a PEG ratio of 2.02 and a beta of 1.16. Anheuser Busch Inbev has a twelve month low of $64.54 and a twelve month high of $102.70.

Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data 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). The business had revenue of $13.17 billion for the quarter, compared to analyst estimates of $13.78 billion. Anheuser Busch Inbev had a return on equity of 23.92% and a net margin of 17.63%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, analysts expect that Anheuser Busch Inbev will post 4.62 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in BUD. Clarus Wealth Advisors increased its holdings in shares of Anheuser Busch Inbev by 17.1% in the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock valued at $64,000 after buying an additional 105 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in shares of Anheuser Busch Inbev by 3.2% in the second quarter. Cozad Asset Management Inc. now owns 3,563 shares of the consumer goods maker’s stock valued at $315,000 after buying an additional 110 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Anheuser Busch Inbev by 3.2% in the second quarter. Miracle Mile Advisors LLC now owns 3,669 shares of the consumer goods maker’s stock valued at $325,000 after buying an additional 114 shares in the last quarter. Galibier Capital Management Ltd. increased its holdings in shares of Anheuser Busch Inbev by 0.5% in the second quarter. Galibier Capital Management Ltd. now owns 27,516 shares of the consumer goods maker’s stock valued at $2,435,000 after buying an additional 133 shares in the last quarter. Finally, Windward Capital Management Co. CA increased its holdings in shares of Anheuser Busch Inbev by 0.8% in the second quarter. Windward Capital Management Co. CA now owns 19,523 shares of the consumer goods maker’s stock valued at $1,728,000 after buying an additional 155 shares in the last quarter. 4.54% of the stock is currently owned by hedge funds and other institutional investors.

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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