Short Interest in Anheuser-Busch InBev SA/NV (NYSE:BUD) Drops By 5.6%

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 2,690,000 shares, a decrease of 5.6% from the September 15th total of 2,850,000 shares. Currently, 0.2% of the company's shares are short sold. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is currently 2.3 days.

Anheuser-Busch InBev SA/NV Stock Down 0.2 %

NYSE:BUD traded down $0.13 during mid-day trading on Wednesday, reaching $65.30. The stock had a trading volume of 509,304 shares, compared to its average volume of 1,613,608. The stock has a market cap of $117.36 billion, a P/E ratio of 27.44, a PEG ratio of 1.77 and a beta of 1.10. The business's 50 day moving average is $63.23 and its 200 day moving average is $61.79. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.36 and a fifty-two week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. During the same quarter in the prior year, the business posted $0.72 EPS. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Institutional investors and hedge funds have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock worth $33,000 after purchasing an additional 378 shares during the period. Addison Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $35,000. Finally, Valley Wealth Managers Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BUD shares. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. Morgan Stanley raised their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of "Moderate Buy" and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.