As of November 21, 2023, Anheuser-Busch InBev (NYSE:BUD) has experienced a significant decline in its short percent of float, which now stands at a mere 0.18% of all regular shares available for trading. This represents a 14.29% decrease since the last report. Currently, there are approximately 3.14 million shares sold short, and based on the trading volume, it would take traders an average of 1.48 days to cover their short positions.
Short interest serves as a valuable indicator of market sentiment towards a specific stock. An increase in short interest often signifies a bearish sentiment, while a decrease can indicate a more bullish sentiment. In this case, the decrease in short interest for Anheuser-Busch InBev suggests a more positive outlook among investors.
According to MarketBeat, a short interest percentage below 10% is considered a positive sign, indicating favorable investor sentiment and minimal short selling. Conversely, a percentage above 10% is regarded as high, suggesting a degree of pessimism among investors. A short interest percentage of 20% or higher signifies widespread negative sentiment.
During the month of October, Anheuser-Busch InBev SA/NV observed a decline in short interest. It is worth noting that short interest data is typically published by stock exchanges on a monthly basis.
To summarize, the decrease in short interest for Anheuser-Busch InBev suggests a more bullish sentiment among investors. However, it is crucial to consider other factors when analyzing the stock’s performance.
Anheuser-Busch InBev SA/NV
Updated on: 29/11/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
10:00 AM (UTC)
Date:29 November, 2023
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Anheuser-Busch InBev (BUD) Stock Performance and Outlook in 2023
On November 21, 2023, Anheuser-Busch InBev (BUD) stock opened at $62.04, slightly higher than the previous day’s closing price of $61.83. Throughout the day, the stock traded within a range of $61.92 to $62.19. The trading volume for the day was 780,861 shares, lower than the three-month average volume of 2,144,392 shares. The market capitalization of BUD stood at $104.2 billion.
In terms of earnings growth, BUD reported a positive growth rate of 27.43% in the previous year. However, for the current year, the earnings growth rate was -4.76%. Looking ahead, the company is expected to experience a 12.31% earnings growth over the next five years. This indicates a potential rebound in earnings growth in the future.
The revenue growth for BUD in the last year was 6.41%, reflecting a steady increase in the company’s top line. The price-to-earnings (P/E) ratio for BUD was 20.2, indicating that investors are willing to pay 20.2 times the company’s earnings for each share of stock. The price-to-sales ratio was 2.13, while the price-to-book ratio stood at 1.42.
When comparing BUD’s performance to its industry peers, Ambev (ABEV) experienced a decrease of 1.62% in its stock price, while Constellation Brands (STZ) saw a decline of 1.29%. On the other hand, Molson Coors Beverage (TAP) recorded a positive change of 0.88%.
The next reporting date for BUD is scheduled for February 29, 2024. Analysts forecast an earnings per share (EPS) of $0.79 for the current quarter. In the previous year, BUD generated an annual revenue of $57.8 billion and a profit of $6.0 billion, resulting in a net profit margin of 10.33%.
Anheuser-Busch InBev operates in the consumer non-durables sector, specifically in the alcoholic beverages industry. The company’s corporate headquarters are located in Leuven, Brussels Region.
Overall, BUD’s stock performance on November 21, 2023, showed a slight increase from the previous day’s close. The company’s earnings growth has been mixed, with a decline in the current year but a positive outlook for the next five years. BUD’s revenue growth has been steady, and the company operates in the consumer non-durables sector, focusing on alcoholic beverages.
Anheuser-Busch Inbev SA (BUD) Stock Analysis: Positive Outlook and Potential for Growth in 2023
On November 21, 2023, Anheuser-Busch Inbev SA (BUD) had a median target price of 67.75 according to 10 analysts offering 12-month price forecasts. The high estimate was 76.00, while the low estimate was 60.00. This median estimate represented a 9.27% increase from the last price of 62.00.
The consensus among 29 polled investment analysts was to buy stock in Anheuser-Busch Inbev SA. This rating has remained steady since November, indicating a consistent positive sentiment towards the company’s stock.
In terms of financial performance, Anheuser-Busch Inbev SA reported earnings per share of $0.79 for the current quarter. Additionally, the company recorded sales of $15.9 billion.
Investors should pay attention to the upcoming reporting date of February 29, as it will provide further information on Anheuser-Busch Inbev SA’s financial performance for the quarter. This data will be crucial in assessing the company’s progress and evaluating its potential for future growth.
Overall, the stock performances of Anheuser-Busch Inbev SA on November 21, 2023, were positive. The median target price suggested a potential increase in value, and the consensus among investment analysts was to buy the stock. However, investors should remain cautious and monitor the company’s financial reports for a comprehensive understanding of its performance and prospects.