Barclays restated their equal weight rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) in a research note released on Monday morning, MarketBeat.com reports.
BUD has been the subject of a number of other research reports. Morgan Stanley cut their target price on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. TD Cowen upped their target price on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, July 1st. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $90.08.
View Our Latest Stock Analysis on Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV Price Performance
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. The company had revenue of $15.27 billion during the quarter. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.31 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV
A number of large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in Anheuser-Busch InBev SA/NV by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after purchasing an additional 368,721 shares during the period. Morgan Stanley increased its holdings in shares of Anheuser-Busch InBev SA/NV by 29.8% during the fourth quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after purchasing an additional 966,378 shares during the period. Goldman Sachs Group Inc. increased its stake in Anheuser-Busch InBev SA/NV by 1.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock worth $256,792,000 after acquiring an additional 42,009 shares during the period. Bank of America Corp DE raised its stake in Anheuser-Busch InBev SA/NV by 12.8% in the third quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock valued at $224,786,000 after purchasing an additional 426,495 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $149,778,000. Institutional investors own 5.53% of the company’s stock.
About Anheuser-Busch InBev SA/NV
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.
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