Anheuser Busch Inbev’s (BUD) Neutral Rating Reiterated at JPMorgan Chase & Co.

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

A number of other equities research analysts have also recently commented on BUD. Bank of America upgraded Anheuser Busch Inbev from a neutral rating to a buy rating in a report on Monday, July 29th. They noted that the move was a valuation call. Jefferies Financial Group upgraded Anheuser Busch Inbev to a hold rating and set a $95.00 target price on the stock in a report on Monday, August 12th. Guggenheim set a $106.00 target price on Anheuser Busch Inbev and gave the company a buy rating in a report on Friday, October 25th. Barclays cut Anheuser Busch Inbev from an equal weight rating to an underweight rating in a report on Tuesday, August 27th. Finally, Macquarie reiterated a neutral rating on shares of Anheuser Busch Inbev in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $89.08.

NYSE BUD traded up $0.10 during mid-day trading on Thursday, hitting $78.48. The stock had a trading volume of 1,051,127 shares, compared to its average volume of 1,406,006. Anheuser Busch Inbev has a 52-week low of $64.54 and a 52-week high of $102.70. The company has a market cap of $127.86 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.02 and a beta of 1.16. The company has a 50 day simple moving average of $89.35 and a 200 day simple moving average of $90.23. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 1.30.

Anheuser Busch Inbev (NYSE:BUD) last released its quarterly earnings data on Friday, October 25th. The consumer goods maker reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.14). Anheuser Busch Inbev had a net margin of 17.63% and a return on equity of 23.92%. The firm had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Anheuser Busch Inbev will post 4.62 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. MUFG Americas Holdings Corp boosted its holdings in shares of Anheuser Busch Inbev by 9.5% during the third quarter. MUFG Americas Holdings Corp now owns 20,084 shares of the consumer goods maker’s stock worth $1,912,000 after purchasing an additional 1,739 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Anheuser Busch Inbev by 4.3% during the third quarter. Checchi Capital Advisers LLC now owns 4,945 shares of the consumer goods maker’s stock worth $471,000 after purchasing an additional 204 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Anheuser Busch Inbev by 6.9% during the third quarter. Miracle Mile Advisors LLC now owns 3,921 shares of the consumer goods maker’s stock worth $373,000 after purchasing an additional 252 shares during the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Anheuser Busch Inbev by 3.6% during the third quarter. Everett Harris & Co. CA now owns 223,245 shares of the consumer goods maker’s stock worth $21,242,000 after purchasing an additional 7,709 shares during the last quarter. Finally, Academy Capital Management Inc. TX boosted its holdings in shares of Anheuser Busch Inbev by 28.0% during the third quarter. Academy Capital Management Inc. TX now owns 358,089 shares of the consumer goods maker’s stock worth $28,922,000 after purchasing an additional 78,312 shares during the last quarter. Hedge funds and other institutional investors own 4.54% of the company’s stock.

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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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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