Anheuser-Busch InBev SA/NV (NYSE:BUD) Sees Significant Increase in Short Interest

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,100,000 shares, an increase of 15.2% from the September 30th total of 2,690,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BUD shares. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley raised their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

View Our Latest Research Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Trading Down 5.7 %

BUD stock traded down $3.59 during midday trading on Thursday, reaching $59.32. 1,185,289 shares of the company traded hands, compared to its average volume of 1,577,312. The firm has a market capitalization of $106.61 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 52-week low of $55.73 and a 52-week high of $67.49. The business has a 50 day moving average of $64.02 and a 200-day moving average of $62.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last released its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. DAVENPORT & Co LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 36.8% during the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after purchasing an additional 555,362 shares during the period. Renaissance Technologies LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 672.3% during the second quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after buying an additional 522,575 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at approximately $18,226,000. International Assets Investment Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $154,640,000. Finally, GFS Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 56,727.5% in the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock worth $12,996,000 after buying an additional 195,710 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

(Get Free Report)

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.

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