Anheuser-Busch just ordered 40 Tesla Semis

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Berenberg upgraded the shares of BUD in report on Friday, November 13 to "Buy" rating.

A range of trucking, grocery, and retail companies have reserved at least 117 Tesla Semi trucks, according to a Reuters tally, including Anheuser-Busch's 40. The stock has a consensus rating of "Hold" and a consensus price target of $122.96.

Other large investors have also recently bought and sold shares of the company. St. James Investment Company LLC's holdings in Anheuser Busch Inbev were worth $3,709,000 at the end of the most recent reporting period. "This investment in Tesla semi-trucks helps us achieve these goals while improving road safety and lowering our environmental impact". Turim 21 Investimentos Ltda. bought a new stake in Anheuser Busch Inbev in the third quarter valued at approximately $58,623,000. Franklin Resources Inc. now owns 8,421,416 shares of the consumer goods maker's stock valued at $887,954,000 after buying an additional 2,982,684 shares during the period. It dropped, as 33 investors sold Anheuser-Busch InBev SA/NV shares while 166 reduced holdings. Glacier Peak Capital LLC acquired a new stake in shares of Anheuser Busch Inbev NV during the fourth quarter valued at $1,371,000. Advisory Services Network LLC boosted its position in shares of Anheuser Busch Inbev by 0.3% during the 2nd quarter. 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. Institutional investors own 5.67% of the company's stock. The company's stock had a trading volume of 2,227,350 shares, compared to its average volume of 1,558,099. The stock has a market cap of $226.26 billion and a P/E ratio of 85.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.71 and a current ratio of 0.82. Anheuser-Busch InBev has $157 highest and $100 lowest target.

Anheuser Busch Inbev (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.50 by ($0.19). The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $14.04 billion. The firm's revenue was up 26.0% compared to the same quarter previous year. On average, analysts anticipate that Anheuser Busch Inbev NV will post $4.22 EPS for the current year. Senator Invest Grp L P accumulated 2.3% or 1.85 million shares. The ex-dividend date of this dividend was Monday, May 1st. This represents a yield of 3.07%.

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In addition to its partnership with Tesla, Anheuser-Busch is also working with Nikola Motor Company to develop and implement hydrogen-powered engines within its network, and with Otto and Uber Freight to test autonomous driving technology.

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