Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research report report published on Thursday.

Several other brokerages have also recently commented on BUD. Wells Fargo & Company upped their target price on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Finally, Morgan Stanley lowered 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 note on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and an average target price of $91.08.

Anheuser-Busch InBev SA/NV Trading Up 0.7%

NYSE BUD opened at $77.96 on Thursday. The business’s 50-day moving average price is $80.31 and its two-hundred day moving average price is $78.42. Anheuser-Busch InBev SA/NV has a 12 month low of $58.44 and a 12 month high of $86.60. The firm has a market capitalization of $157.43 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.12 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly 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 return on equity of 16.42% and a net margin of 14.90%.The company had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Several institutional investors have recently made changes to their positions in BUD. Cook & Bynum Capital Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $33,282,514. Renaissance Technologies LLC raised its stake in Anheuser-Busch InBev SA/NV by 64.7% during the 1st quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after buying an additional 318,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Anheuser-Busch InBev SA/NV by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker’s stock worth $8,424,000 after acquiring an additional 13,877 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Anheuser-Busch InBev SA/NV by 10,464.1% in the second quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock worth $262,876,000 after acquiring an additional 3,160,049 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $4,323,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV News Summary

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Jefferies maintained its Buy rating on Anheuser-Busch InBev, reinforcing the view that the brewer’s earnings and growth outlook remain attractive. Jefferies Buy Rating Article
• Positive Sentiment: RBC also retained its Buy rating, adding to the positive analyst consensus around BUD. RBC Buy Rating Article
• Positive Sentiment: JPMorgan, Bank of America, Deutsche Bank, Jefferies and UBS each reaffirmed Buy ratings, signaling continued confidence from a broad group of Wall Street analysts. The favorable view is consistent with the company’s latest reported quarter, when earnings and revenue exceeded consensus estimates and revenue grew year over year.
• Neutral Sentiment: An article discussing Vanguard bond ETFs BSV and VCIT is not directly related to Anheuser-Busch InBev’s business or outlook and is unlikely to materially affect BUD. Bond ETF Article
• Negative Sentiment: Barclays initiated or reiterated a Hold rating, offering a more cautious assessment than the cluster of Buy recommendations and potentially limiting near-term upside expectations. Barclays Hold Rating Article

Anheuser-Busch InBev SA/NV Company Profile

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.