Heineken NV (OTCMKTS:HEINY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Heineken NV (OTCMKTS:HEINY) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

A number of brokerages recently weighed in on HEINY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Heineken in a research report on Thursday, August 6th. JPMorgan Chase & Co. cut shares of Heineken from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Heineken in a report on Tuesday, August 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Madison Asset Management LLC increased its position in Heineken by 22.9% during the second quarter. Madison Asset Management LLC now owns 140,879 shares of the company’s stock valued at $1,312,000 after acquiring an additional 26,226 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Heineken in the second quarter valued at $1,585,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Heineken in the 2nd quarter worth about $2,916,000.

Heineken Price Performance

Shares of HEINY stock opened at $43.06 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 0.93. Heineken has a one year low of $37.03 and a one year high of $47.63. The company’s fifty day moving average price is $43.19 and its 200-day moving average price is $41.56.

Heineken Company Profile

Heineken N.V. is a global brewing company best known for its flagship Heineken lager and a diversified portfolio of international and local beer brands. The company’s activities span brewing, marketing and distribution of beer and cider products, serving on?trade and off?trade channels as well as e?commerce. Heineken combines global brand management with local production through a network of owned breweries, joint ventures and licensed partners to reach consumers across different markets.

Founded in Amsterdam in 1864 by Gerard Adriaan Heineken, the company has grown into one of the world’s largest brewers.