Sanford C. Bernstein Reaffirms Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reissued by Sanford C. Bernstein in a research note issued to investors on Tuesday,MarketScreener reports.

A number of other research analysts also recently weighed in on BUD. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. SBG Securities downgraded Anheuser-Busch InBev SA/NV to a “hold” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their price target on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the company an “overweight” rating in a report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.94.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

NYSE BUD opened at $83.70 on Tuesday. The stock has a 50 day simple moving average of $79.92 and a two-hundred day simple moving average of $74.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72. The stock has a market cap of $163.26 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a fifty-two week low of $56.97 and a fifty-two week high of $85.56.

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

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

Several hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC boosted its stake in Anheuser-Busch InBev SA/NV by 3,800.0% in the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock worth $25,000 after purchasing an additional 380 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth $26,000. GHP Investment Advisors Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $32,000. Parkside Financial Bank & Trust increased its position in shares of 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 lifted its position in Anheuser-Busch InBev SA/NV by 84.6% during the 1st quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock worth $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.