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Anheuser-Busch orders 40 Tesla electric trucks

07 December 2017

Its down 0.33, from 1.3 in 2017Q1. Anheuser-Busch InBev SA/NV (NYSE:BUD) has declined 3.55% since December 6, 2016 and is downtrending.

The parent company of Budweiser has placed an order for 40 Tesla (tsla) semi-trucks, one of the largest pre-orders the auto manufacturer has received to date. Franklin Resources holds 0.49% or 8.95M shares in its portfolio. 4,019 were accumulated by Pennsylvania Tru Communications. Renaissance Technologies LLC lifted its stake in shares of Anheuser Busch Inbev by 225.6% in the 2nd quarter. Jolley Asset Mngmt Lc holds 2.99% or 38,720 shares. Stockholders of record on Wednesday, November 15th will be paid a dividend of $1.8534 per share. Highlander Cap Mgmt Ltd Co has 2,200 shares. State Of New Jersey Common Pension Fund D holds 49,000 shares or 0.01% of its portfolio. Aviva Public owns 229,605 shares for 0.08% of their portfolio. Morgan Stanley reinitiated Anheuser-Busch InBev SA/NV (NYSE:BUD) on Wednesday, October 5 with "Overweight" rating. That activity is comparable to their recent volume average trend of almost 3.15 million shares which they recorded over a period of three months. Anheuser-Busch InBev had 42 analyst reports since July 21, 2015 according to SRatingsIntel. Therefore 64% are positive. Anheuser Busch Inbev NV has a 52 week low of $100.90 and a 52 week high of $126.50. However, at the Wall Street, the shares for the company has been tagged a $130.38 price target, indicating that the shares will rally 15.38% from its current levels. The firm has "Buy" rating given on Monday, October 3 by Liberum Capital. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, September 21. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Susquehanna Bancshares Inc reissued a "neutral" rating and issued a $101.00 target price (down from $109.00) on shares of Anheuser Busch Inbev NV in a research report on Wednesday, April 26th. Berenberg upgraded the shares of BUD in report on Friday, November 13 to "Buy" rating. The firm has "Neutral" rating by Macquarie Research given on Tuesday, September 27.

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Zacks methodology is a blend of fundamental and quantitative research, where analysts have written research reports on over 960 stocks in addition to quantitatively-driven snapshot reports on another 2,600 stocks.

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 stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) has "Outperform" rating given on Monday, November 2 by Credit Agricole. The stock increased 0.55% or $0.29 during the last trading session, reaching $53.09. The number of shares transacted for the day under observation was 1.4 million contracts. Anheuser Busch Inbev's dividend payout ratio is now 117.28%. It has underperformed by 20.25% the S&P500.

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Anheuser Busch Inbev NV (BUD) opened at $113.00 on Thursday. During the same quarter in the prior year, the company earned $0.83 earnings per share. Fayez Sarofim & Co. grew its holdings in Anheuser Busch Inbev by 4.4% during the third quarter.

Tesla isn't the only tech company on AB InBev's radar. The stock has a market cap of $225.50 billion and a P/E ratio of 85.183. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; worldwide 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. It has a 42.17 P/E ratio. Ltd. bought a new stake in Anheuser Busch Inbev in the third quarter valued at approximately $36,436,000.

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Anheuser-Busch orders 40 Tesla electric trucks