Citigroup Upgrades Anheuser-Busch InBev SA/NV (NYSE:BUD) to Buy

Citigroup upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat.com reports.

BUD has been the topic of several other reports. UBS Group upgraded Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research note on Monday, June 24th. Morgan Stanley boosted their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an overweight rating in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $73.25.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $66.28 on Tuesday. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49. The stock’s fifty day moving average price is $62.48 and its 200 day moving average price is $61.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market cap of $119.12 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same period in the previous year, the business earned $0.72 EPS. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Large investors have recently added to or reduced their stakes in the company. Addison Advisors LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 15.1% in the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after acquiring an additional 181 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after acquiring an additional 185 shares in the last quarter. Lake Street Advisors Group LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 1.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after acquiring an additional 186 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in shares of Anheuser-Busch InBev SA/NV by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock valued at $643,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

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.