Anheuser-Busch InBev SA/NV (NYSE:BUD) Sets New 52-Week High – Still a Buy?

Anheuser-Busch InBev SA/NV (NYSE:BUD) hit a new 52-week high on Wednesday . The company traded as high as $84.04 and last traded at $84.0990, with a volume of 183309 shares. The stock had previously closed at $82.46.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BUD. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Barclays reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average target price of $93.42.

Anheuser-Busch InBev SA/NV Price Performance

The stock has a market capitalization of $164.59 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.57. The business’s 50 day simple moving average is $75.11 and its two-hundred day simple moving average is $70.85. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 12.26%. The company had revenue of $15.27 billion during the quarter. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 4.3 earnings per share for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors and hedge funds have recently modified their holdings of the stock. GQG Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $149,778,000. Morgan Stanley grew its holdings in Anheuser-Busch InBev SA/NV by 29.8% during the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after buying an additional 966,378 shares in the last quarter. Bank of Montreal Can grew its holdings in Anheuser-Busch InBev SA/NV by 150.6% during the third quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock worth $70,869,000 after buying an additional 714,420 shares in the last quarter. Bank of America Corp DE raised its position 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 buying an additional 641,158 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Anheuser-Busch InBev SA/NV by 535.6% during the 3rd quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock valued at $38,962,000 after acquiring an additional 550,774 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

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.