Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.
Other equities research analysts have also recently issued research reports about the stock. TD Cowen dropped their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a research note 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. Argus raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Thursday, March 27th. Finally, Berenberg Bank started coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $66.00.
View Our Latest Report on Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV Stock Performance
NYSE BUD traded up $0.17 during trading hours on Thursday, reaching $59.44. The stock had a trading volume of 1,693,512 shares, compared to its average volume of 1,811,475. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The stock has a fifty day moving average of $57.45 and a 200 day moving average of $56.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a market cap of $106.83 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.
Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.
Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV
A number of hedge funds have recently modified their holdings of BUD. Charles Schwab Investment Management Inc. lifted its position in 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 during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $28,540,000. B&D White Capital Company LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $290,000. Blue Trust Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 15.8% during the 4th quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker's stock worth $171,000 after purchasing an additional 464 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $37,311,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.
About Anheuser-Busch InBev SA/NV
(
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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.
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