Anheuser Busch Inbev SA (BUD) Upgraded at Vetr Inc.

Anheuser Busch Inbev SA (NYSE:BUD) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Wednesday. The firm presently has a $120.10 target price on the stock. Vetr‘s price objective would indicate a potential downside of 1.51% from the company’s previous close.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded down 3.68% during trading on Wednesday, reaching $121.94. 4,384,427 shares of the company’s stock traded hands. The company has a market cap of $195.88 billion and a price-to-earnings ratio of 35.53. The company’s 50-day moving average is $126.44 and its 200 day moving average is $123.00. Anheuser Busch Inbev SA has a 52-week low of $102.58 and a 52-week high of $132.91.

Anheuser Busch Inbev SA (NYSE:BUD) last released its earnings results on Wednesday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.37. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.94 billion. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Equities analysts forecast that Anheuser Busch Inbev SA will post $3.49 EPS for the current year.

Other hedge funds recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Anheuser Busch Inbev SA by 1.9% in the second quarter. Fisher Asset Management LLC now owns 5,393,010 shares of the company’s stock worth $687,231,000 after buying an additional 101,061 shares in the last quarter. Senator Investment Group LP increased its stake in shares of Anheuser Busch Inbev SA by 18.6% in the fourth quarter. Senator Investment Group LP now owns 2,550,000 shares of the company’s stock worth $318,750,000 after buying an additional 400,000 shares in the last quarter. First Manhattan Co. increased its stake in shares of Anheuser Busch Inbev SA by 0.4% in the first quarter. First Manhattan Co. now owns 2,499,020 shares of the company’s stock worth $311,527,000 after buying an additional 9,778 shares in the last quarter. Harding Loevner LP increased its stake in shares of Anheuser Busch Inbev SA by 0.3% in the second quarter. Harding Loevner LP now owns 2,395,280 shares of the company’s stock worth $315,408,000 after buying an additional 7,192 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Anheuser Busch Inbev SA by 503.4% in the first quarter. Franklin Resources Inc. now owns 2,106,090 shares of the company’s stock worth $262,545,000 after buying an additional 1,757,062 shares in the last quarter.

Other equities research analysts have also issued reports about the stock. Susquehanna reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a report on Sunday, July 17th. Sanford C. Bernstein reduced their target price on shares of Anheuser Busch Inbev SA from $125.30 to $121.70 and set a “market perform” rating for the company in a report on Thursday, May 5th. Investec increased their target price on shares of Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the stock a “buy” rating in a report on Wednesday, June 1st. Credit Agricole SA reissued an “outperform” rating and issued a $142.00 target price on shares of Anheuser Busch Inbev SA in a report on Friday, July 1st. Finally, Royal Bank Of Canada lowered shares of Anheuser Busch Inbev SA from a “sector perform” rating to an “underperform” rating and increased their target price for the stock from $102.00 to $106.00 in a report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $132.80.

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.