Anheuser-Busch InBev SA/NV (NYSE:BUD) Given Consensus Rating of “Moderate Buy” by Brokerages

Anheuser-Busch InBev SA/NV (NYSE:BUD) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $79.00.

Several research firms have issued reports on BUD. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after acquiring an additional 354 shares during the last quarter. OLD Mission Capital LLC bought a new position in Anheuser-Busch InBev SA/NV during the first quarter worth about $4,046,000. Cetera Investment Advisers boosted its holdings in Anheuser-Busch InBev SA/NV by 287.8% during the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock worth $3,962,000 after buying an additional 48,376 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 57.0% during the second quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock worth $4,811,000 after buying an additional 30,052 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Anheuser-Busch InBev SA/NV during the first quarter worth about $288,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD opened at $63.98 on Wednesday. The business has a fifty day simple moving average of $63.98 and a 200 day simple moving average of $62.11. 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 $114.98 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a one year low of $53.75 and a one year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The business had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same period in the prior year, the company posted $0.72 earnings per share. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

Anheuser-Busch InBev SA/NV Company Profile

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.