Anheuser-Busch InBev SA/NV (NYSE:BUD) Rating Increased to Buy at Argus

Argus upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) from a hold rating to a buy rating in a research note issued to investors on Thursday, Marketbeat.com reports. Argus currently has $70.00 price objective on the consumer goods maker's stock.

Several other equities analysts have also recently weighed in on the company. TD Cowen cut their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded down $0.55 during mid-day trading on Thursday, reaching $61.49. 2,383,393 shares of the stock were exchanged, compared to its average volume of 1,779,084. The company has a market cap of $110.51 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a 50-day simple moving average of $55.90 and a 200 day simple moving average of $56.80.

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Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors and hedge funds have recently bought and sold shares of BUD. Charles Schwab Investment Management Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock valued at $3,836,000 after buying an additional 15,837 shares in the last quarter. Alberta Investment Management Corp bought a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $28,540,000. B&D White Capital Company LLC acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $290,000. Blue Trust Inc. raised its stake in Anheuser-Busch InBev SA/NV by 15.8% in the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker's stock valued at $171,000 after buying an additional 464 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $37,311,000. Institutional investors own 5.53% of the company's stock.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.