Anheuser-Busch InBev SA/NV’s (BUD) “Buy” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research note published on Thursday morning,MarketScreener reports.

A number of other brokerages have also recently issued reports on BUD. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 10th. Morningstar upgraded Anheuser-Busch InBev SA/NV to a “buy” rating in a report on Thursday, September 18th. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Buy” and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $59.17 on Thursday. The stock has a 50-day moving average price of $61.72 and a 200 day moving average price of $64.85. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The firm has a market cap of $115.54 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.67 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same period last year, the business earned $0.90 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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

Several institutional investors have recently modified their holdings of BUD. Dodge & Cox raised its position in Anheuser-Busch InBev SA/NV by 2.8% in the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after buying an additional 1,119,308 shares during the last quarter. Bank of America Corp DE raised its position in Anheuser-Busch InBev SA/NV by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after buying an additional 641,158 shares during the last quarter. Holocene Advisors LP acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $33,999,000. Fisher Asset Management LLC raised its position in Anheuser-Busch InBev SA/NV by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock valued at $732,826,000 after buying an additional 454,621 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Anheuser-Busch InBev SA/NV by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after buying an additional 265,783 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

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.