Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Rating Upgraded by Argus

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $70.00 price objective on the consumer goods maker’s stock. Argus’ price objective would suggest a potential upside of 12.88% from the company’s current price.

A number of other equities analysts have also weighed in on BUD. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Buy” and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 0.2 %

BUD stock opened at $62.01 on Thursday. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The business’s 50 day simple moving average is $55.90 and its 200 day simple moving average is $56.90. 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 market capitalization of $111.45 billion, a PE ratio of 19.14, a PEG ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate 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 net margin of 10.98% and a return on equity of 15.29%. As a group, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Institutional investors and hedge funds have recently bought and sold shares of the company. Dodge & Cox lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 27.7% during the 4th quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock worth $2,002,641,000 after acquiring an additional 8,670,940 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Anheuser-Busch InBev SA/NV by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker’s stock valued at $379,004,000 after buying an additional 505,206 shares during the last quarter. Holocene Advisors LP raised its position in shares of Anheuser-Busch InBev SA/NV by 22.8% during the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after acquiring an additional 803,257 shares during the last quarter. Capital International Investors boosted its holdings in Anheuser-Busch InBev SA/NV by 5.5% in the fourth quarter. Capital International Investors now owns 2,594,619 shares of the consumer goods maker’s stock valued at $129,201,000 after acquiring an additional 134,243 shares during the last quarter. Finally, Clarkston Capital Partners LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 30.3% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker’s stock worth $74,797,000 after buying an additional 347,000 shares during the period. 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.