Sanford C. Bernstein Reiterates Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reiterated by analysts at Sanford C. Bernstein in a report released on Tuesday,MarketScreener reports.

A number of other brokerages also recently issued reports on BUD. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.94.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

NYSE BUD opened at $83.70 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The company has a market cap of $163.26 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a twelve month low of $56.97 and a twelve month high of $85.56. The business’s fifty day moving average is $79.92 and its 200 day moving average is $74.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. Anheuser-Busch InBev SA/NV had a net margin of 11.90% and a return on equity of 16.34%. The business had revenue of $15.27 billion during the quarter. As a group, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 3,800.0% in the fourth quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after acquiring an additional 380 shares during the period. Birchwood Financial Partners Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $26,000. GHP Investment Advisors Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth about $32,000. Parkside Financial Bank & Trust increased its position in shares of Anheuser-Busch InBev SA/NV by 79.1% during 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 lifted its position in 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 worth $35,000 after buying an additional 230 shares during 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 (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.