Hooray Beer. Anheuser-Busch Orders 40 Tesla Semi Trucks

Hooray Beer. Anheuser-Busch Orders 40 Tesla Semi Trucks

Starting with the finest ingredients sourced from Anheuser-Busch's family of growers, every batch is crafted using the same exacting standards and time-honored traditions passed down through generations of proud Anheuser-Busch brewmasters and employees. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker's stock valued at $349,844,000 after purchasing an additional 352,595 shares during the last quarter. Investors at the moment see that Anheuser-Busch InBev SA/NV, has a long term debt/equity of *TBA, with total debt/equity coming to *TBA.

Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. More to the point, Anheuser-Busch notes that it's checking out Tesla's Semi offering as part of a big overall focus on innovative tech in this sector.

It has been a long while for Anheuser-Busch InBev SA/NV, since its IPO date on 07/01/2009. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30.

James Sembrot, Anheuser-Busch's senior director of logistics strategy, told the WSJ that the company spends around $120 million each year on fuel. Ltd. bought a new stake in Anheuser Busch Inbev in the third quarter valued at approximately $36,436,000.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 26th. Berenberg upgraded the shares of BUD in report on Friday, November 13 to "Buy" rating. Comparatively, BUD posted earnings of $1.5 per share in the same quarter, a year earlier.

Nationwide Fund Advisors Sells 272634 Shares of MGM Resorts International (MGM)
KGaA, together with its subsidiaries, engages in laundry and home care, beauty care, and adhesive technology businesses worldwide. L & S Advisors Inc's holdings in MGM Resorts International were worth $1,638,000 at the end of the most recent reporting period.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. The company had revenue of $14.74 billion during the quarter, compared to the consensus estimate of $15 billion. The company has a consensus rating of "Hold" and a consensus price target of $127.81. During the same quarter in the prior year, the company earned $0.83 earnings per share. Anheuser Busch Inbev's revenue was up 26.0% compared to the same quarter a year ago.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, December 7th.

Shares in the brewery which trade on the New York Stock Exchange did so Thursday at $111.72, down $1.28, or 1.1%, from Wednesday's close, within a 52-week trading range of $100.90 to $126.50. This represents a yield of 3.07%.

In terms of value, Anheuser-Busch InBev SA/NV has a P/E value of 42.93, combined with a forward P/E of 22.14. J P Morgan Chase & Co reaffirmed an "underweight" rating on shares of Anheuser Busch Inbev in a research report on Tuesday.

ILLEGAL ACTIVITY NOTICE: "Stock Traders Buy Large Volume of Anheuser Busch Inbev Call Options (BUD)" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & worldwide copyright and trademark laws.

Related Articles