Anheuser Busch Inbev SA (ADR) (BUD) was Downgraded by RBC Capital Mkts to ” Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 106 from a previous price target of $102 . Earlier the firm had a rating of “Sector Perform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jul 6, 2016.
On the company’s financial health, Anheuser Busch Inbev SA (ADR) reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.38 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.89. The company had revenue of $9400.00 million for the quarter, compared to analysts expectations of $9871.80 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 EPS.
Anheuser Busch Inbev SA (ADR) closed down -0.28 points or -0.21% at $131.4 with 18,34,451 shares getting traded on Friday. Post opening the session at $132.84, the shares hit an intraday low of $131.175 and an intraday high of $132.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.