Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Breaks Above 200-Day Moving Average – Here’s Why

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $79.42 and traded as high as $83.56. Anheuser-Busch InBev SA/NV shares last traded at $82.2950, with a volume of 2,663,025 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BUD shares. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Wells Fargo & Company lowered their price target on shares of Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.83.

Anheuser-Busch InBev SA/NV Stock Down 1.5%

The firm has a market capitalization of $169.99 billion, a P/E ratio of 17.84, a PEG ratio of 1.18 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The business’s fifty day moving average price is $78.53 and its two-hundred day moving average price is $79.52.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts expect that Anheuser-Busch InBev SA/NV will post 4.39 earnings per share for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the business. Maven Securities LTD acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter worth $4,323,000. Cook & Bynum Capital Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $33,282,514. Renaissance Technologies LLC lifted its position in Anheuser-Busch InBev SA/NV by 64.7% during the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock valued at $56,250,000 after purchasing an additional 318,600 shares during the period. Wellington Management Group LLP lifted its position in Anheuser-Busch InBev SA/NV by 10,464.1% during the second quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock valued at $262,876,000 after purchasing an additional 3,160,049 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Anheuser-Busch InBev SA/NV by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker’s stock valued at $8,424,000 after purchasing an additional 13,877 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world’s largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium’s Interbrew and Brazil’s AmBev in 2004.