Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein restated their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report issued on Tuesday,MarketScreener reports.

A number of other equities research analysts have also weighed in on BUD. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, October 8th. Morningstar upgraded Anheuser-Busch InBev SA/NV to a “buy” rating in a research note on Thursday, September 18th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $61.55 on Tuesday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The stock has a market capitalization of $120.19 billion, a PE ratio of 17.29, a PEG ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The stock has a 50-day simple moving average of $60.44 and a 200-day simple moving average of $64.60.

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

Several hedge funds have recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC grew its stake in Anheuser-Busch InBev SA/NV by 494.7% during the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after buying an additional 371 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV during the second quarter worth approximately $35,000. NewSquare Capital LLC lifted its stake in Anheuser-Busch InBev SA/NV by 602.7% in the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock valued at $36,000 after buying an additional 452 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $34,000. 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.