Anheuser Busch Inbev (BUD) Shares Gap Down Following Weak Earnings

Anheuser Busch Inbev NV (NYSE:BUD) gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $74.52, but opened at $74.54. Anheuser Busch Inbev shares last traded at $74.78, with a volume of 64322 shares traded.

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). Anheuser Busch Inbev had a return on equity of 21.16% and a net margin of 14.26%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.74 billion.

BUD has been the topic of several recent research reports. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Jefferies Financial Group downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Guggenheim initiated coverage on Anheuser Busch Inbev in a report on Thursday, September 13th. They set a “buy” rating and a $107.00 price target on the stock. Societe Generale upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Macquarie set a $92.00 price target on Anheuser Busch Inbev and gave the stock a “buy” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus price target of $116.36.



Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Anheuser Busch Inbev by 446.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 391,204 shares of the consumer goods maker’s stock valued at $34,290,000 after acquiring an additional 319,654 shares during the last quarter. BancorpSouth Bank purchased a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $569,000. Palo Capital Inc. increased its holdings in shares of Anheuser Busch Inbev by 269.5% in the 3rd quarter. Palo Capital Inc. now owns 14,429 shares of the consumer goods maker’s stock valued at $1,264,000 after acquiring an additional 10,524 shares during the last quarter. First Trust Advisors LP grew its stake in Anheuser Busch Inbev by 23.0% during the 3rd quarter. First Trust Advisors LP now owns 264,918 shares of the consumer goods maker’s stock worth $23,199,000 after buying an additional 49,495 shares during the last quarter. Finally, AMG National Trust Bank grew its stake in Anheuser Busch Inbev by 61.3% during the 3rd quarter. AMG National Trust Bank now owns 33,528 shares of the consumer goods maker’s stock worth $2,936,000 after buying an additional 12,741 shares during the last quarter. Institutional investors and hedge funds own 4.58% of the company’s stock.

The company has a market capitalization of $141.32 billion, a PE ratio of 18.41, a P/E/G ratio of 2.50 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47.

Anheuser Busch Inbev Company Profile (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.

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