Anheuser-Busch InBev SA/NV (NYSE:BUD) Coverage Initiated at Berenberg Bank

Berenberg Bank began coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating on the consumer goods maker’s stock.

Several other equities research analysts also recently weighed in on the company. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, TD Cowen dropped 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 research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $66.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $60.99 on Wednesday. The stock has a fifty day simple moving average of $57.26 and a 200-day simple moving average of $56.80. The stock has a market cap of $109.61 billion, a PE ratio of 18.82, a P/E/G ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data 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 business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of institutional investors have recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $27,000. R Squared Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its stake 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 worth $31,000 after purchasing an additional 599 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $36,000. Finally, Anchor Investment Management LLC raised its holdings in Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock valued at $51,000 after acquiring an additional 422 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other 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.