Heineken (OTCMKTS:HEINY) Sees Strong Trading Volume – Still a Buy?

Heineken NV (OTCMKTS:HEINY) saw an uptick in trading volume on Wednesday . Approximately 565,505 shares were traded during trading, an increase of 386% from the previous session’s volume of 116,459 shares.The stock last traded at $42.08 and had previously closed at $42.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Heineken in a report on Thursday, August 6th. JPMorgan Chase & Co. downgraded shares of Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Heineken in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Heineken Stock Up 0.3%

The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $43.05 and its two-hundred day simple moving average is $41.54.

Hedge Funds Weigh In On Heineken

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in Heineken during the 2nd quarter valued at $1,585,000. Madison Asset Management LLC increased its stake in Heineken by 22.9% during the 2nd quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock valued at $1,312,000 after buying an additional 26,226 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Heineken during the 2nd quarter worth about $2,916,000.

About Heineken

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.