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

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm presently has a $70.00 price target on the consumer goods maker’s stock. Argus’ target price would indicate a potential upside of 12.94% from the company’s current price.

A number of other brokerages also recently issued reports on BUD. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen lowered their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One equities research 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 stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.11 during trading hours on Thursday, hitting $61.98. The company’s stock had a trading volume of 1,493,443 shares, compared to its average volume of 1,751,832. The business has a 50 day moving average price of $55.32 and a two-hundred day moving average price of $56.88. The company has a market cap of $111.39 billion, a PE ratio of 19.13, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. 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 issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Large investors have recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth $27,000. R Squared Ltd bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth about $30,000. Rakuten Securities Inc. increased its position in Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after purchasing an additional 599 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $36,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $40,000. 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.