Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded at Argus

Argus upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat reports. The firm currently has $70.00 target price on the consumer goods maker’s stock.

A number of other equities analysts also recently issued reports on BUD. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. TD Cowen lowered their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Trading Down 0.2 %

NYSE BUD opened at $62.01 on Thursday. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $67.49. The firm has a 50 day moving average of $55.90 and a two-hundred day moving average of $56.85. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $111.45 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 37.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after purchasing an additional 15,837 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $28,540,000. B&D White Capital Company LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $290,000. Blue Trust Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 15.8% during the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after buying an additional 464 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $37,311,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.