Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives Buy Rating from JPMorgan Chase & Co.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Tuesday,MarketScreener reports.

A number of other research analysts have also commented on the company. Wells Fargo & Company upped their target price on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 20th. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. SBG Securities downgraded shares of Anheuser-Busch InBev SA/NV to a “hold” rating in a report on Monday, March 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

View Our Latest Analysis on BUD

Anheuser-Busch InBev SA/NV Stock Up 8.1%

BUD stock opened at $79.87 on Tuesday. Anheuser-Busch InBev SA/NV has a twelve month low of $56.97 and a twelve month high of $81.56. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The company has a market cap of $155.79 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57. The business’s 50-day simple moving average is $73.46 and its 200 day simple moving average is $68.61.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The consumer goods maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The company had revenue of $15.27 billion during the quarter, compared to the consensus estimate of $14.69 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.18 earnings per share for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Seafarer Capital Partners LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.5% in the third quarter. Seafarer Capital Partners LLC now owns 1,034,000 shares of the consumer goods maker’s stock valued at $61,637,000 after acquiring an additional 15,000 shares during the last quarter. Savoir Faire Capital Management L.P. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $2,086,000. Atlantic Union Bankshares Corp grew its position in Anheuser-Busch InBev SA/NV by 33,184.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 15,311 shares of the consumer goods maker’s stock worth $913,000 after acquiring an additional 15,265 shares during the last quarter. Caprock Group LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $818,000. Finally, Victory Capital Management Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 53.7% during the 3rd quarter. Victory Capital Management Inc. now owns 828,670 shares of the consumer goods maker’s stock valued at $49,397,000 after purchasing an additional 289,431 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Anheuser-Busch InBev SA/NV

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

About Anheuser-Busch InBev SA/NV

(Get Free Report)

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.

Further Reading

Analyst Recommendations for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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