Anheuser-Busch InBev (NYSE:BUD) Stock Upgrade
HSBC Securities hiked shares of Anheuser-Busch InBev (NYSE:BUD) from a “Reduce” rating to a “Buy” rating in recent note disseminated on Tuesday, 8 December. The firm presently has a respectable $130.00 target on the shares.
From a total of 8 analysts covering Anheuser-Busch InBev (NYSE:BUD) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $157 while the lowest target price is $125.03. The mean of all analyst targets is $136.59 with a 0.10% above today’s ($128.66) stock price. Anheuser-Busch InBev was the topic of 18 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on December 8 to “Buy” rating. RBC Capital Markets downgraded shares to “Sector Perform” rating and $100 target share price in a report from a September 21. Berenberg upgraded BUD stock in a recent report from November 13 to “Buy” rating. Vetr upgraded the rating on August 13. Vetr has a “Buy” rating and a $134.75 price target on shares. Finally, Credit Agricole upgraded the stock to “Outperform” rating in a report issued on a November 2.
The stock decreased 0.19% or $0.24 on December 9, striking $128.66. Approximately shares of stock traded hands. Anheuser Busch Inbev SA (ADR) (NYSE:BUD) has risen 7.34% since May 6, 2015 and is uptrending. It has outperformed by 8.14% the S&P500.
The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.11, from 1.08 in 2015Q2. The ratio improved, as 46 institutions have sold all the shares of Anheuser Busch Inbev SA (ADR) that they owned while 150 funds have taken shares off the table. 65 funds have purchased shares for the first time while 169 added to their positions. These institutions now hold 95.35 million shares or 2.97% more than the 92.60 million shares they owned in 2015Q2.
The Fund Squadra Investments currently is holding shares equating to 89.64% of its total portfolio in Anheuser Busch Inbev SA (ADR) representing a total of 390,060 shares. Another fund,Soroban Capital Partners Lp, is holding a total of 9.14 million shares equating to 7.05% of their holdings. Additionally, Btg Pactual Global Asset Management Ltd has a 826,950 share stake in Anheuser Busch Inbev SA (ADR) which represents 6.82% of their total portfolio. The Fund, Emerging Sovereign Group Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5.81% of their total portfolio. Finally Gardner Russo & Gardner Llc, a fund which is based in the state of Pennsylvania reported a total holdings of 5.17 million shares.
Anheuser-Busch InBev SA/NV is a brewing company. The company has a market cap of $208.09 billion. The Firm produces, markets, distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. It has 25.31 P/E ratio. The Firm operates in seven business divisions: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export & Holding Companies.
According to Zacks Investment Research, “Anheuser-Busch is the leading global brewer and one of the world’s top five consumer products companies. Their portfolio of well over 200 beer brands continues to forge strong connections with consumers. They invest the majority of their brand-building resources on their Focus Brands – those with the greatest growth potential such as global brands Budweiser?, Stella Artois? and Beck?s?, alongside Leffe?, Hoegaarden?, Bud Light?, Skol?, Brahma?, Antarctica?, Quilmes?, Michelob Ultra?, Harbin?, Sedrin?, Klinskoye?, Sibirskaya Korona?, Chernigivske?, Hasseroder? and Jupiler?. In addition, the company owns a 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico’s leading brewer and owner of the global Corona? brand.” Get a free copy of the Zacks research report on Anheuser Busch Inbev SA (ADR) (BUD).