Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up on Better-Than-Expected Earnings

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $54.77, but opened at $59.19. Anheuser-Busch InBev SA/NV shares last traded at $59.45, with a volume of 1,542,361 shares traded.

The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%.

Analysts Set New Price Targets

Separately, TD Cowen cut their target price 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 research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $64.00.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $26,000. Legacy Investment Solutions LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at $27,000. R Squared Ltd acquired a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $30,000. First Personal Financial Services increased its position in shares of Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after acquiring an additional 205 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 2,722.7% in the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

The firm has a market cap of $106.87 billion, a P/E ratio of 18.32, a PEG ratio of 1.73 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average is $49.98 and its two-hundred day moving average is $56.76.

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.