Anheuser-Busch Turns to Tesla for Huge Self-Driving Truck Order

Carlos Brito chief executive officer of Anheuser Busch InBev NV in Leuven Belgium on Feb. 25 2016

Franklin Resources Inc. grew its holdings in Anheuser Busch Inbev by 0.8% during the second quarter. 48 funds opened positions while 146 raised stakes.

Anheuser-Busch InBev SA/NV (BUD) closed its previous trading session at $113 with the gain of 0.03%. Stephens Ar reported 12,858 shares. 4,019 were accumulated by Pennsylvania Tru Communications. 104,833 are held by 1832 Asset Lp. The number of shares now owned by investors are 1.71 bln. Chilton Inv Com Lc owns 2,707 shares or 0.01% of their U.S. portfolio. Patten Grp Inc Inc accumulated 0.07% or 1,375 shares. Stephens Ar holds 0.05% or 12,858 shares in its portfolio. (NASDAQ:LULU). Pictet Asset holds 392,093 shares or 0.06% of its portfolio. Gsa Prtn Limited Liability Partnership holds 0.03% or 3,861 shares in its portfolio. Bartlett Co Ltd Co holds 0.82% of its portfolio in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 164,500 shares. Signature Financial Mngmt Incorporated accumulated 3,715 shares. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) has "Hold" rating given on Wednesday, August 26 by ING Group. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with "Buy".

Among 9 analysts covering HCC Insurance Holdings (NYSE:HCC), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. Anheuser Busch Inbev NV has a fifty-two week low of $100.90 and a fifty-two week high of $126.50. However, at the Wall Street, the shares for the company has been tagged a $130.38 price target, indicating that the shares will rally 15.38% from its current levels. RBC Capital Markets has "Buy" rating and $27.0 target. The stock has "Buy" rating by HSBC on Tuesday, December 8. Bank of America Corp downgraded shares of Anheuser Busch Inbev NV from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $120.00 to $115.00 in a research note on Thursday, March 2nd. The rating was reinitiated by JP Morgan on Tuesday, October 11 with "Neutral". The firm earned "Buy" rating on Wednesday, November 4 by Desjardins Securities. As per Wednesday, October 5, the company rating was reinitiated by Morgan Stanley. The firm earned "Outperform" rating on Monday, November 2 by CLSA. The stock is now showing unhealthy performance of -3.29% throughout last week and witnessed bearish performance of -2.91% in one month period. Veritable Lp holds 3,500 shares. Anheuser Busch Inbev had a net margin of 9.57% and a return on equity of 16.57%. It has underperformed by 20.25% the S&P500. Moreover, Scotia Capital Incorporated has 0.02% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD). The consumer goods maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $1.03 by $0.60. BUD's profit will be $2.45B for 22.59 P/E if the $1.25 EPS becomes a reality. With these types of results to display analysts, are more optimistic than before, leading 4 of analysts who cover Anheuser-Busch InBev SA/NV (NYSE:BUD) advice their clients to include it in their buy candidate list.

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. Typically there are three different market caps but we'll save that for another day. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; worldwide 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. It has a 0.37 P/E ratio. Finally, CI Investments Inc. acquired a new position in Anheuser Busch Inbev during the third quarter valued at approximately $17,599,000.

Related:

Comments


Other news