Zacks Research Has Bullish Estimate for BUD FY2024 Earnings

Anheuser-Busch InBev SA/NV (NYSE:BUD) – Investment analysts at Zacks Research raised their FY2024 earnings estimates for Anheuser-Busch InBev SA/NV in a research report issued on Thursday, November 14th. Zacks Research analyst R. Lohia now expects that the consumer goods maker will earn $3.41 per share for the year, up from their prior forecast of $3.37. The consensus estimate for Anheuser-Busch InBev SA/NV’s current full-year earnings is $3.43 per share. Zacks Research also issued estimates for Anheuser-Busch InBev SA/NV’s Q4 2024 earnings at $0.78 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.70 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $1.05 EPS, Q3 2026 earnings at $1.22 EPS and FY2026 earnings at $4.27 EPS.

A number of other analysts have also commented on BUD. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Morgan Stanley raised their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $56.07 on Monday. The firm has a market cap of $100.77 billion, a P/E ratio of 17.31, a PEG ratio of 1.80 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a twelve month low of $55.43 and a twelve month high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $62.68 and a 200 day moving average of $61.95.

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

Institutional investors have recently made changes to their positions in the business. Holocene Advisors LP grew its position in Anheuser-Busch InBev SA/NV by 22.8% during the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after buying an additional 803,257 shares during the period. Fisher Asset Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares during the period. Renaissance Technologies LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock worth $34,907,000 after purchasing an additional 522,575 shares in the last quarter. Janus Henderson Group PLC bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth $18,226,000. Finally, International Assets Investment Management LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at $154,640,000. Institutional investors own 5.53% of the company’s stock.

About Anheuser-Busch InBev SA/NV

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.