Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at Jefferies Financial Group

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued to investors on Thursday.

BUD has been the subject of several other research reports. Bank of America reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday. Wells Fargo & Company increased their price target on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.08.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE BUD opened at $77.05 on Thursday. Anheuser-Busch InBev SA/NV has a 12 month low of $58.44 and a 12 month high of $86.60. The company has a 50-day simple moving average of $80.44 and a 200-day simple moving average of $78.39. The company has a market cap of $155.59 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Archer Investment Corp bought a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at $32,000. First Horizon Corp boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 84.6% in the 1st quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after buying an additional 230 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $36,000. Finally, Continuum Advisory LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $39,000. 5.53% of the stock is owned by institutional investors.

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.