Anheuser-Busch InBev SA/NV (NYSE:BUD) Sets New 1-Year High – Time to Buy?

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.04 and last traded at $84.0990, with a volume of 183309 shares changing hands. The stock had previously closed at $82.46.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BUD shares. Wells Fargo & Company increased their price objective on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, May 6th. DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 7th. One 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. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and an average target price of $93.42.

Anheuser-Busch InBev SA/NV Price Performance

The firm has a market capitalization of $159.81 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.38 and a beta of 0.57. The stock’s fifty day simple moving average is $75.52 and its 200 day simple moving average is $71.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The business had revenue of $15.27 billion during the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 12.26%. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 4.3 EPS for the current year.

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

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