Anheuser Busch Inbev NV (NYSE:BUD) Downgraded to “Sell” at Societe Generale

Anheuser Busch Inbev NV (NYSE:BUD) was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating in a report issued on Monday, November 6th, MarketBeat.com reports.

Other equities research analysts have also recently issued research reports about the company. Susquehanna Bancshares Inc set a $129.00 price target on Anheuser Busch Inbev and gave the company a “hold” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating on shares of Anheuser Busch Inbev in a research report on Friday, July 28th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser Busch Inbev in a research report on Wednesday, September 13th. Argus assumed coverage on Anheuser Busch Inbev in a research report on Friday, September 8th. They set a “buy” rating and a $136.00 price objective on the stock. Finally, Jefferies Group LLC set a $139.00 price objective on Anheuser Busch Inbev and gave the stock a “buy” rating in a research report on Saturday, July 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.39.

Shares of Anheuser Busch Inbev (NYSE:BUD) traded up $1.81 on Monday, hitting $117.56. The company had a trading volume of 731,331 shares, compared to its average volume of 1,592,363. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.82 and a quick ratio of 0.71. Anheuser Busch Inbev has a 1-year low of $98.28 and a 1-year high of $126.50. The firm has a market cap of $195,992.75, a price-to-earnings ratio of 33.75, a PEG ratio of 1.81 and a beta of 1.07.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $15 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. research analysts anticipate that Anheuser Busch Inbev will post 4.22 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of BUD. First Eagle Investment Management LLC bought a new position in shares of Anheuser Busch Inbev during the third quarter worth about $72,294,000. Turim 21 Investimentos Ltda. bought a new stake in Anheuser Busch Inbev in the third quarter worth approximately $58,623,000. Renaissance Technologies LLC increased its holdings in Anheuser Busch Inbev by 225.6% in the second quarter. Renaissance Technologies LLC now owns 595,500 shares of the consumer goods maker’s stock worth $65,719,000 after purchasing an additional 412,600 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Anheuser Busch Inbev by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after purchasing an additional 352,595 shares in the last quarter. Finally, Seatown Holdings Pte. Ltd. bought a new stake in Anheuser Busch Inbev in the third quarter worth approximately $36,436,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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Anheuser Busch Inbev Company Profile

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. 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.

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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