Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded to “Buy” at Argus

Argus upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has $70.00 price objective on the consumer goods maker’s stock.

Several other research firms have also issued reports on BUD. TD Cowen reduced their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Trading Up 0.3 %

Shares of BUD opened at $62.06 on Thursday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The firm has a market cap of $111.53 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.73 and a beta of 0.96. The firm has a 50 day moving average price of $55.62 and a 200-day moving average price of $56.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. As a group, equities research analysts forecast 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Dodge & Cox boosted its holdings in Anheuser-Busch InBev SA/NV by 27.7% in the fourth quarter. Dodge & Cox now owns 39,996,830 shares of the consumer goods maker’s stock valued at $2,002,641,000 after acquiring an additional 8,670,940 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $56,849,000. Holocene Advisors LP boosted its stake in shares of Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $37,311,000. Finally, Alberta Investment Management Corp bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $28,540,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.