Anheuser-Busch InBev SA/NV (NYSE:BUD) Hits New 1-Year High – Here’s Why

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $84.86 and last traded at $84.4540, with a volume of 1967286 shares trading hands. The stock had previously closed at $82.99.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, May 6th. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 19th. Wells Fargo & Company raised their price objective on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.41.

Anheuser-Busch InBev SA/NV Trading Up 1.7%

The company has a market cap of $164.60 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.31 and a beta of 0.59. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $79.21 and its 200-day moving average price is $73.45.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The business had revenue of $15.27 billion for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

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

A number of large investors have recently made changes to their positions in BUD. Bogart Wealth LLC boosted its stake in Anheuser-Busch InBev SA/NV by 3,800.0% in the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after purchasing an additional 380 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Parkside Financial Bank & Trust boosted its position in shares of Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 220 shares during the period. Finally, First Horizon Corp boosted its position in shares of Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after acquiring an additional 230 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.