Anheuser Busch Inbev NV (BUD) Cut to “Sell” at BidaskClub

BidaskClub lowered shares of Anheuser Busch Inbev NV (NYSE:BUD) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other brokerages have also recently issued reports on BUD. Vetr cut shares of Anheuser Busch Inbev NV from a hold rating to a sell rating and set a $104.70 price objective for the company. in a research note on Monday, May 1st. Bank of America Corporation cut shares of Anheuser Busch Inbev NV from a buy rating to a neutral rating and reduced their price objective for the stock from $120.00 to $115.00 in a research note on Thursday, March 2nd. Zacks Investment Research raised shares of Anheuser Busch Inbev NV from a strong sell rating to a hold rating in a research note on Monday, April 17th. Jefferies Group LLC reissued a buy rating and issued a $132.00 price objective on shares of Anheuser Busch Inbev NV in a research note on Monday, May 15th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $101.00 price objective (down from $109.00) on shares of Anheuser Busch Inbev NV in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $120.96.

Analyst Recommendations for Anheuser Busch Inbev NV (NYSE:BUD)

Anheuser Busch Inbev NV (NYSE BUD) opened at 114.15 on Wednesday. The stock has a market capitalization of $220.73 billion and a price-to-earnings ratio of 83.38. Anheuser Busch Inbev NV has a 52-week low of $98.28 and a 52-week high of $136.08. The stock’s 50 day moving average is $116.93 and its 200-day moving average is $109.80.

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The business also recently announced a semiannual dividend, which was paid on Thursday, May 25th. Investors of record on Wednesday, May 3rd were paid a dividend of $2.12 per share. The ex-dividend date was Monday, May 1st. This represents a yield of 3.89%.

A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its position in Anheuser Busch Inbev NV by 7.8% in the third quarter. D.A. Davidson & CO. now owns 12,210 shares of the consumer goods maker’s stock valued at $1,598,000 after buying an additional 882 shares during the last quarter. ETRADE Capital Management LLC boosted its position in Anheuser Busch Inbev NV by 37.2% in the third quarter. ETRADE Capital Management LLC now owns 7,813 shares of the consumer goods maker’s stock valued at $1,027,000 after buying an additional 2,117 shares during the last quarter. Bessemer Group Inc. boosted its position in Anheuser Busch Inbev NV by 96.8% in the fourth quarter. Bessemer Group Inc. now owns 7,039 shares of the consumer goods maker’s stock valued at $742,000 after buying an additional 3,463 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Anheuser Busch Inbev NV by 53.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,376 shares of the consumer goods maker’s stock valued at $2,254,000 after buying an additional 7,413 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Anheuser Busch Inbev NV by 14.4% in the fourth quarter. Baird Financial Group Inc. now owns 45,287 shares of the consumer goods maker’s stock valued at $4,775,000 after buying an additional 5,687 shares during the last quarter.

About Anheuser Busch Inbev NV

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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