Anheuser-Busch InBev SA/NV’s (BUD) “Buy” Rating Reiterated at Bank of America

Bank of America restated their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research note released on Thursday.

BUD has been the topic of several other research reports. Weiss Ratings lowered shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, June 5th. Barclays reiterated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. TD Cowen boosted their target price on shares of Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Anheuser-Busch InBev SA/NV Trading Up 0.7%

Shares of BUD opened at $77.96 on Thursday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $58.44 and a fifty-two week high of $86.60. The business has a 50-day moving average of $80.31 and a 200 day moving average of $78.42. The firm has a market cap of $157.43 billion, a P/E ratio of 16.52, 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 quick ratio of 0.50 and a current ratio of 0.66.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. The business had revenue of $16.66 billion for 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 company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, research analysts forecast that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

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

Several hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 32.8% during the 2nd quarter. CoreCap Advisors LLC now owns 595 shares of the consumer goods maker’s stock worth $49,000 after acquiring an additional 147 shares during the period. Persium Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 1.4% in the 1st quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker’s stock valued at $755,000 after purchasing an additional 152 shares during the period. Fifth Third Bancorp grew its position in shares of Anheuser-Busch InBev SA/NV by 19.0% during the 1st quarter. Fifth Third Bancorp now owns 1,029 shares of the consumer goods maker’s stock valued at $71,000 after purchasing an additional 164 shares in the last quarter. PFG Private Wealth Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 3.6% during the 2nd quarter. PFG Private Wealth Management LLC now owns 4,844 shares of the consumer goods maker’s stock valued at $399,000 after purchasing an additional 167 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 6.5% in the first quarter. Sage Rhino Capital LLC now owns 3,370 shares of the consumer goods maker’s stock worth $234,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

More Anheuser-Busch InBev SA/NV News

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Jefferies maintained its Buy rating on Anheuser-Busch InBev, reinforcing the view that the brewer’s earnings and growth outlook remain attractive. Jefferies Buy Rating Article
• Positive Sentiment: RBC also retained its Buy rating, adding to the positive analyst consensus around BUD. RBC Buy Rating Article
• Positive Sentiment: JPMorgan, Bank of America, Deutsche Bank, Jefferies and UBS each reaffirmed Buy ratings, signaling continued confidence from a broad group of Wall Street analysts. The favorable view is consistent with the company’s latest reported quarter, when earnings and revenue exceeded consensus estimates and revenue grew year over year.
• Neutral Sentiment: An article discussing Vanguard bond ETFs BSV and VCIT is not directly related to Anheuser-Busch InBev’s business or outlook and is unlikely to materially affect BUD. Bond ETF Article
• Negative Sentiment: Barclays initiated or reiterated a Hold rating, offering a more cautious assessment than the cluster of Buy recommendations and potentially limiting near-term upside expectations. Barclays Hold Rating Article

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.