Anheuser-Busch InBev SA/NV (NYSE:BUD) Reaches New 12-Month High – Here’s Why

Anheuser-Busch InBev SA/NV (NYSE:BUD)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.04 and last traded at $84.0990, with a volume of 183309 shares trading hands. The stock had previously closed at $82.46.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BUD shares. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 19th. SBG Securities lowered Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday, March 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.42.

Anheuser-Busch InBev SA/NV Trading Up 2.3%

The company has a market cap of $164.59 billion, a P/E ratio of 23.04, a PEG ratio of 1.37 and a beta of 0.57. The firm’s 50 day moving average is $75.11 and its two-hundred day moving average is $70.85. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 12.26% and a net margin of 11.90%.The firm had revenue of $15.27 billion for the quarter. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.3 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC increased its position in Anheuser-Busch InBev SA/NV by 3,800.0% during the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after purchasing an additional 380 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. Finally, First Horizon Corp boosted its stake in shares of Anheuser-Busch InBev SA/NV by 84.6% in the 1st quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 230 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Company Profile

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.