Sanford C. Bernstein Reaffirms Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating restated by research analysts at Sanford C. Bernstein in a research note issued on Wednesday,MarketScreener reports.

A number of other equities research analysts have also commented on the stock. DZ Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday. Barclays reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $71.52 on Wednesday. The firm has a market cap of $139.51 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.20 and a beta of 0.58. The firm’s fifty day moving average is $73.99 and its 200 day moving average is $66.82. Anheuser-Busch InBev SA/NV has a 52 week low of $56.97 and a 52 week high of $81.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. Research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in Anheuser-Busch InBev SA/NV by 52.9% in the 1st quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after acquiring an additional 3,127 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock worth $546,000 after buying an additional 642 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after acquiring an additional 265,783 shares during the period. Russell Investments Group Ltd. raised its position in shares of Anheuser-Busch InBev SA/NV by 40.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,562 shares of the consumer goods maker’s stock worth $657,000 after acquiring an additional 2,736 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $120,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Company Profile

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.