Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives $91.08 Average PT from Brokerages

Anheuser-Busch InBev SA/NV (NYSE:BUD) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $91.0825.

Several brokerages have commented on BUD. Wells Fargo & Company raised their price objective on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Barclays reaffirmed an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors have recently modified their holdings of BUD. Wellington Management Group LLP boosted its stake in shares of Anheuser-Busch InBev SA/NV by 10,464.1% in the second quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock worth $262,876,000 after acquiring an additional 3,160,049 shares during the last quarter. GQG Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at $149,778,000. Morgan Stanley raised its stake in Anheuser-Busch InBev SA/NV by 29.8% in the 4th 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 America Corp DE lifted its holdings in Anheuser-Busch InBev SA/NV by 23.7% in the 2nd 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 purchasing an additional 641,158 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 7,474.5% in the 2nd quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker’s stock valued at $43,066,000 after purchasing an additional 515,743 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.8%

BUD stock opened at $78.25 on Friday. Anheuser-Busch InBev SA/NV has a 52-week low of $57.79 and a 52-week high of $86.60. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. The firm has a market cap of $158.00 billion, a P/E ratio of 16.58, a PEG ratio of 1.11 and a beta of 0.59. The company’s 50-day simple moving average is $80.58 and its 200-day simple moving average is $78.38.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.12. The firm had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 4.41 EPS for the current fiscal year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.