The stock of Anheuser Busch Inbev SA (ADR) (NYSE:BUD) gapped down by $0.03 today and has $119.89 target or 7.00% below today’s $128.91 share price. The 8 months technical chart setup indicates high risk for the $206.81 billion company. The gap down was reported on Oct, 4 by Barchart.com. If the $119.89 price target is reached, the company will be worth $14.48B less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.90% or $2.5 during the last trading session, hitting $128.91. About 1.43M shares traded hands or 31.19% up from the average. Anheuser Busch Inbev SA (ADR) (NYSE:BUD) has risen 12.99% since March 1, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
Analysts await Anheuser Busch Inbev SA (ADR) (NYSE:BUD) to report earnings on November, 4. They expect $1.15 earnings per share, up 12.75% or $0.13 from last year’s $1.02 per share. BUD’s profit will be $1.84 billion for 28.02 P/E if the $1.15 EPS becomes a reality. After $1.06 actual earnings per share reported by Anheuser Busch Inbev SA (ADR) for the previous quarter, Wall Street now forecasts 8.49% EPS growth.
Anheuser Busch Inbev SA (ADR) (NYSE:BUD) Ratings Coverage
Out of 15 analysts covering Anheuser-Busch InBev (NYSE:BUD), 12 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 80% are positive. Anheuser-Busch InBev has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Sterne Agee CRT initiated the shares of BUD in a report on Tuesday, July 21 with “Buy” rating. As per Monday, November 16, the company rating was upgraded by BNP Paribas. The firm earned “Neutral” rating on Tuesday, July 21 by Nomura. The company was initiated on Tuesday, September 13 by Jefferies. The company was upgraded on Thursday, August 13 by Vetr. On Monday, November 2 the stock rating was upgraded by Credit Agricole to “Outperform”. The firm earned “Sector Perform” rating on Monday, September 21 by RBC Capital Markets. The company was maintained on Friday, February 26 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, September 30 by UBS. The company was upgraded on Monday, November 2 by CLSA.
According to Zacks Investment Research, “Anheuser-Busch is the leading global brewer and one of the world’s top five consumer products companies. Their portfolio of well over 200 beer brands continues to forge strong connections with consumers. They invest the majority of their brand-building resources on their Focus Brands – those with the greatest growth potential such as global brands BudweiserÂ®, Stella ArtoisÂ® and BeckÂ’sÂ®, alongside LeffeÂ®, HoegaardenÂ®, Bud LightÂ®, SkolÂ®, BrahmaÂ®, AntarcticaÂ®, QuilmesÂ®, Michelob UltraÂ®, HarbinÂ®, SedrinÂ®, KlinskoyeÂ®, Sibirskaya KoronaÂ®, ChernigivskeÂ®, HasserÃ¶derÂ® and JupilerÂ®. In addition, the company owns a 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico’s leading brewer and owner of the global CoronaÂ® brand.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.25, from 1.25 in 2016Q1. The ratio dived, as 37 funds sold all Anheuser Busch Inbev SA (ADR) shares owned while 150 reduced positions. 41 funds bought stakes while 146 increased positions. They now own 91.82 million shares or 6.76% more from 86.01 million shares in 2016Q1.
Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 0.01% or 3,335 shares in its portfolio. Cacti Asset Management Ltd Liability accumulated 2.37% or 168,130 shares. Moreover, Sigma Planning has 0.05% invested in Anheuser Busch Inbev SA (ADR) (NYSE:BUD) for 3,160 shares. Voloridge Limited Liability Corp owns 25,878 shares or 0.1% of their US portfolio. Weitz Invest holds 15,000 shares or 0.07% of its portfolio. Winslow Evans Crocker Incorporated holds 0% or 782 shares in its portfolio. Ferguson Wellman Mgmt Incorporated has invested 0.02% of its portfolio in Anheuser Busch Inbev SA (ADR) (NYSE:BUD). Wellington Management Gru Ltd Liability Partnership has 0.03% invested in the company for 904,350 shares. Signaturefd Limited Liability has 1,661 shares for 0.03% of their US portfolio. Cubist Systematic Strategies Ltd Liability, a Connecticut-based fund reported 6,789 shares. Perkins Coie Trust Commerce holds 0.01% or 125 shares in its portfolio. Capstone Asset Management holds 0.09% or 22,909 shares in its portfolio. Highline Cap Mgmt L P holds 5.04% of its portfolio in Anheuser Busch Inbev SA (ADR) (NYSE:BUD) for 1.01 million shares. Lba Wealth Management Lc owns 1,056 shares or 0.08% of their US portfolio. Sit Associates, a Minnesota-based fund reported 34,825 shares.
More notable recent Anheuser Busch Inbev SA (ADR) (NYSE:BUD) news were published by: Investorplace.com which released: “Anheuser Busch Inbev SA (ADR) (BUD): 3 Pros, 3 Cons” on August 23, 2016, also Fool.com with their article: “The Coca-Cola Co. or Anheuser Busch Inbev SA (ADR): Better Dividend Investment?” published on April 14, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about Anheuser Busch Inbev SA (ADR) (NYSE:BUD) were released by: Businessfinancenews.com and their article: “Cheers! DOJ approves Anheuser Busch Inbev SA (ADR)-SAB Miller Deal” published on July 21, 2016 as well as Fool.com‘s news article titled: “Is Anheuser-Busch InBev SA (ADR) Trying to Snuff Out Craft Beer Competition?” with publication date: October 25, 2015.
BUD Company Profile
Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Firm has a portfolio of over 200 beer brands. The Firm operates through seven divisions: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. 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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