Anheuser Busch Inbev SA (ADR) (BUD) was Initiated by Macquarie to “Outperform”. Macquarie advised their investors in a research report released on Nov 25, 2016.
Many Wall Street Analysts have commented on Anheuser Busch Inbev SA (ADR). Anheuser Busch Inbev SA (ADR) was Downgraded by HSBC Securities to ” Hold” on Nov 14, 2016. Anheuser Busch Inbev SA (ADR) was Downgraded by Societe Generale to ” Hold” on Oct 20, 2016. Anheuser Busch Inbev SA (ADR) was Resumed by Credit Suisse to “Outperform” on Oct 12, 2016.
On the company’s financial health, Anheuser Busch Inbev SA (ADR) reported $0.83 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Oct 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $11694.00 million for the quarter, compared to analysts expectations of $11400.16 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.
Anheuser Busch Inbev SA (ADR) closed down -1.12 points or -1.09% at $101.88 with 35,79,198 shares getting traded on Monday. Post opening the session at $102.06, the shares hit an intraday low of $101 and an intraday high of $102.1408 and the price fluctuated in this range throughout the day.Shares ended Monday 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.