Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded at Argus

Anheuser-Busch InBev SA/NV (NYSE:BUD) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm currently has a $70.00 price target on the consumer goods maker’s stock. Argus’ price target suggests a potential upside of 12.94% from the company’s current price.

Several other analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research 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 company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock traded up $0.11 during mid-day trading on Thursday, reaching $61.98. 1,493,443 shares of the company traded hands, compared to its average volume of 1,751,832. The firm’s fifty day moving average is $55.32 and its two-hundred day moving average is $56.88. The company has a market capitalization of $111.39 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

A number of large investors have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter worth about $27,000. R Squared Ltd acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 2,722.7% in the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after purchasing an additional 599 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth $36,000. Finally, Anchor Investment Management LLC grew 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 buying an additional 422 shares in the last quarter. 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.