Anheuser Busch Inbev (BUD) Upgraded by Zacks Investment Research to Hold

Anheuser Busch Inbev (NYSE:BUD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “AB InBev’s robust brand portfolio and solid geographical reach remain its major strength. Further, we expect the company to benefit from its constant expansion in the craft beer space, given the rising demand for this beer category. Also, it keeps introducing near beer alternatives along with no- and low-alcohol beers, which is encouraging. However, AB InBev has underperformed the industry in last three months largely due to dismal earnings history. Evidently, the company’s last reported quarter marked its seventh straight earnings miss, while revenues missed estimate for the second consecutive quarter. Higher cost of sales, soft volumes and consumers’ changing preferences have been impacting the company’s performance. Further, management continues to anticipate increased cost of sales, owing to the lingering currency woes and growth of premium brands. Also, volatility in some of the key regions remains a threat.”

A number of other research firms also recently commented on BUD. Susquehanna Bancshares set a $129.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Societe Generale downgraded shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Anheuser Busch Inbev in a research note on Tuesday, December 5th. Finally, Jefferies Group set a $134.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $126.53.

Anheuser Busch Inbev (NYSE BUD) traded up $0.28 during trading on Friday, hitting $114.20. 1,403,400 shares of the stock were exchanged, compared to its average volume of 1,399,925. Anheuser Busch Inbev has a one year low of $103.55 and a one year high of $126.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market cap of $193,640.00, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.

Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The business had revenue of $14.74 billion for the quarter, compared to analyst estimates of $15 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis. analysts expect that Anheuser Busch Inbev will post 4.22 earnings per share for the current year.

A number of large investors have recently modified their holdings of BUD. Evercore Wealth Management LLC acquired a new stake in Anheuser Busch Inbev in the 2nd quarter valued at about $104,000. Zions Bancorporation lifted its stake in Anheuser Busch Inbev by 800.0% in the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after purchasing an additional 784 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in Anheuser Busch Inbev in the 3rd quarter valued at about $112,000. Acropolis Investment Management LLC acquired a new stake in Anheuser Busch Inbev in the 4th quarter valued at about $167,000. Finally, Spectrum Asset Management Inc. NB CA acquired a new stake in Anheuser Busch Inbev in the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 5.67% of the company’s stock.

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About Anheuser Busch Inbev

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.

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