Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up After Better-Than-Expected Earnings

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $73.91, but opened at $79.64. Anheuser-Busch InBev SA/NV shares last traded at $80.6810, with a volume of 693,180 shares traded.

The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.07. The business had revenue of $15.27 billion during the quarter, compared to analysts’ expectations of $14.69 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS.

Anheuser-Busch InBev SA/NV Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be paid a dividend of $1.1735 per share. The ex-dividend date is Friday, May 8th. This represents a yield of 322.0%. Anheuser-Busch InBev SA/NV’s payout ratio is presently 6.98%.

Trending Headlines about Anheuser-Busch InBev SA/NV

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Wells Fargo & Company boosted their target price on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. SBG Securities cut Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Get Our Latest Stock Report on Anheuser-Busch InBev SA/NV

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BUD. GQG Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $149,778,000. Morgan Stanley increased its position in Anheuser-Busch InBev SA/NV by 29.8% during the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after buying an additional 966,378 shares during the period. Bank of Montreal Can increased its position in Anheuser-Busch InBev SA/NV by 150.6% during the third quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock worth $70,869,000 after buying an additional 714,420 shares during the period. Bank of America Corp DE increased its position in Anheuser-Busch InBev SA/NV by 23.7% during the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after buying an additional 641,158 shares during the period. Finally, First Trust Advisors LP increased its position in Anheuser-Busch InBev SA/NV by 535.6% during the third quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock worth $38,962,000 after buying an additional 550,774 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

The company has a market cap of $157.85 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.40 and a beta of 0.57. The firm has a 50-day simple moving average of $73.46 and a 200 day simple moving average of $68.61. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

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.

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