Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Bank of America in a research report issued on Thursday.
A number of other equities analysts have also recently issued reports on BUD. Wells Fargo & Company raised their price objective on shares of Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Morgan Stanley decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Wednesday, September 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Finally, Weiss Ratings lowered Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.08.
View Our Latest Stock Report on BUD
Anheuser-Busch InBev SA/NV Trading Down 1.5%
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BUD. Archer Investment Corp acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 1st quarter valued at $32,000. Continuum Advisory LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $39,000. First Horizon Corp raised its holdings in shares of Anheuser-Busch InBev SA/NV by 84.6% during the 1st quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after buying an additional 230 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth about $36,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.
Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.
The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.
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