Anheuser-Busch InBev SA/NV (NYSE:BUD) Rating Increased 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 published on Thursday morning, Marketbeat reports. The firm currently has $70.00 target price on the consumer goods maker’s stock.

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

Anheuser-Busch InBev SA/NV Stock Up 0.3 %

Shares of NYSE:BUD opened at $62.06 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock 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 business’s 50 day moving average is $55.62 and its 200 day moving average is $56.91. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced 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 for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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

A number of institutional investors have recently added to or reduced their stakes in BUD. Legacy Investment Solutions LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter worth approximately $27,000. R Squared Ltd bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $30,000. Rakuten Securities Inc. raised its position in shares of 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 buying an additional 599 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth $36,000. Finally, Anchor Investment Management LLC grew its position in Anheuser-Busch InBev SA/NV by 120.6% in the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after acquiring an additional 422 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

About Anheuser-Busch InBev SA/NV

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.