Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 12-Month High – Still a Buy?

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $84.86 and last traded at $84.4540, with a volume of 1967286 shares. The stock had previously closed at $82.99.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BUD. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, June 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 19th. JPMorgan Chase & Co. increased their target price on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average price target of $93.41.

Anheuser-Busch InBev SA/NV Stock Up 1.7%

The firm has a 50 day simple moving average of $79.21 and a two-hundred day simple moving average of $73.45. 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 stock has a market capitalization of $164.60 billion, a P/E ratio of 23.06, a PEG ratio of 1.31 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The firm had revenue of $15.27 billion for the quarter. On average, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 3,800.0% in the fourth quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after acquiring an additional 380 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its position in Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 220 shares in the last quarter. Finally, First Horizon Corp grew its stake in shares of Anheuser-Busch InBev SA/NV by 84.6% during the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock worth $35,000 after buying an additional 230 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.