JPMorgan Chase & Co. Reiterates Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,MarketScreener reports.

Several other brokerages also recently weighed in on BUD. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 19th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 31st. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, October 30th. Finally, Kepler Capital Markets downgraded shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $61.92 on Wednesday. The firm has a 50 day moving average of $61.02 and a 200-day moving average of $64.27. The company has a market cap of $120.91 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.75 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $15.13 billion during the quarter, compared to the consensus estimate of $15.28 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds have recently made changes to their positions in BUD. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at approximately $28,000. Salomon & Ludwin LLC grew its position in shares of 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 valued at $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 in the second quarter valued at approximately $35,000. NewSquare Capital LLC increased its stake in shares of 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 purchasing an additional 452 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Anheuser-Busch InBev SA/NV during 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.