Anheuser-Busch InBev SA/NV (NYSE:BUD) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.12 and traded as high as $68.46. Anheuser-Busch InBev SA/NV shares last traded at $67.62, with a volume of 1,745,995 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BUD. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 12th. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 12th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, February 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 13th. Finally, Wells Fargo & Company raised their price objective on shares of Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One investment 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 MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Anheuser-Busch InBev SA/NV Price Performance

The company has a market capitalization of $131.89 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.14 and a beta of 0.54. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $73.81 and a 200 day moving average price of $66.17.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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

Several large investors have recently bought and sold shares of the business. GQG Partners LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth $149,778,000. Morgan Stanley increased its holdings in Anheuser-Busch InBev SA/NV by 29.8% in the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock valued at $269,337,000 after purchasing an additional 966,378 shares during the last quarter. Bank of Montreal Can increased its holdings in Anheuser-Busch InBev SA/NV by 150.6% in the third quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock valued at $70,869,000 after purchasing an additional 714,420 shares during the last quarter. Bank of America Corp DE lifted its stake in Anheuser-Busch InBev SA/NV by 23.7% in the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after buying an additional 641,158 shares during the period. Finally, First Trust Advisors LP boosted its holdings 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 last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.