AB InBev's deal machine goes into smart reverse

  • AB InBev's deal machine goes into smart reverse

AB InBev's deal machine goes into smart reverse

Shares of AB InBev rose 4.5% early Friday on the news.

BUD has been the topic of a number of research reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. Zacks Investment Research cut Glu Mobile from a "buy" rating to a "hold" rating in a research report on Tuesday, April 9th. Anheuser Busch Inbev has a consensus rating of "Hold" and an average target price of $83.77. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 1.47. The company said factors, including market conditions, had stalled its plans to sell off 15% of its Asian business. ValuEngine upgraded Valmont Industries from a "sell" rating to a "hold" rating in a research report on Friday, July 12th. It will also allow the company to create additional shareholder value by optimizing its business at an attractive price while further deleveraging its balance sheet and strengthening its position for growth opportunities. Arrowgrass Capital Partners (Us) Ltd Partnership stated it has 0.01% in Anheuser-Busch InBev SA/NV (NYSE:BUD). The consumer goods maker reported $1.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $1.27. The business had revenue of $12.59 billion for the quarter, compared to analyst estimates of $12.66 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Barclays set a €16.80 ($19.53) price objective on shares of Deutsche Telekom and gave the company a "neutral" rating in a research report on Tuesday, April 2nd. The company's quarterly revenue was down 3.7% compared to the same quarter past year. - The Motley Fool" published on July 06, 2019, Seekingalpha.com published: "Stocks To Watch: "Prime Day And FAANGs Out In DC - Seeking Alpha" on July 13, 2019. Anheuser Busch Inbev's payout ratio is now 48.55%. The Texas-based Academy Capital Management Inc Tx has invested 5.41% in the stock. As a group, research analysts anticipate that Anheuser Busch Inbev will post 4.65 earnings per share for the current fiscal year. Enterprise Financial Services Corp boosted its holdings in shares of Anheuser Busch Inbev by 135.7% in the 1st quarter. Sontag Advisory LLC bought a new stake in shares of Anheuser Busch Inbev during the fourth quarter valued at approximately $26,000.

Cook & Bynum Capital Management Llc increased its stake in Anheuser Busch Inbev (BUD) by 7.42% based on its latest 2019Q1 regulatory filing with the SEC.

The regional business, known as Budweiser Brewing Company APAC, has a portfolio of more than 50 beer brands including Stella Artois, Corona Budweiser and Hoegaarden.

The proceeds from the deal will be used to pay off AB InBev's debt, although it said that its goal to reach a net debt to EBITDA (earnings before interest, taxes, depreciation, and amortisation) target ratio of below 4x by the end of 2020 is not dependent on this transaction going through.