Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports.

A number of other analysts have also weighed in on BUD. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. Weiss Ratings lowered Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Barclays restated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, July 27th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Finally, Wells Fargo & Company upped their target price 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. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $79.42 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The firm’s fifty day moving average price is $80.59 and its two-hundred day moving average price is $78.37. Anheuser-Busch InBev SA/NV has a fifty-two week low of $57.79 and a fifty-two week high of $86.60. The stock has a market cap of $160.36 billion, a PE ratio of 16.83, a PEG ratio of 1.14 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. On average, equities analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BUD. Archer Investment Corp purchased a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $25,000. GHP Investment Advisors Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth approximately $32,000. Continuum Advisory LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $39,000. First Horizon Corp increased its holdings 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 valued at $35,000 after purchasing an additional 230 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $36,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Company Profile

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.