Brokerage firm Susquehanna Downgrades its rating on Anheuser Busch Inbev SA (ADR)(NYSE:BUD). The shares have been rated Neutral. Previously, the analysts had a Positive rating on the shares. The rating by Susquehanna was issued on Aug 1, 2016.
In a different note, On May 5, 2016, Bernstein said it Maintains its rating on Anheuser Busch Inbev SA (ADR). In the research note, the firm Lowers the price-target to $125.30 per share. The shares have been rated ‘Market Perform’ by the firm.
Anheuser Busch Inbev SA (ADR) (BUD) shares turned negative on Mondays trading session with the shares closing down -0.92 points or -0.74% at a volume of 13,68,023. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $123.82. The peak price level was also seen at $123.82 while the days lowest was $122.68. Finally the shares closed at $122.93. The 52-week high of the shares is $132.91 while the 52-week low is $102.52. According to the latest information available, the market cap of the company is $197,671 M.
Anheuser Busch Inbev SA (ADR)(BUD) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $10.81B. Analysts had an estimated revenue of $10.93B. Earnings per share were $1.06. Analysts had estimated an EPS of $0.97.
Anheuser Busch Inbev SA formerly Anheuser-Busch InBev SA/NV is a brewing company. The Company produces markets distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. The Company operates in seven business segments: North America Mexico Latin America North Latin America South Europe Asia Pacific and Global Export & Holding Companies. The Company also produces and distributes soft drinks particularly in Latin America and other near beer products such as Lime-A-Rita and other Rita family products in the United States and other countries. The Company’s brand portfolio consists of three categories: global brands Budweiser Corona (except in the United States) and Stella Artois; multi-country brands Beck’s Leffe and Hoegaarden and local brands Bud Light Michelob Victoria Modelo Especial Negra Modelo Skol Brahma Antarctica Quilmes Jupiler Klinskoye Sibirskaya Korona Chernigivske Cass Harbin and Sedrin.