Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at JPMorgan Chase & Co.

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued on Thursday.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley dropped their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Wells Fargo & Company upped their price target on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $77.05 on Thursday. The business’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $78.39. Anheuser-Busch InBev SA/NV has a 1-year low of $58.44 and a 1-year high of $86.60. The firm has a market capitalization of $155.59 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The company had revenue of $16.66 billion for the quarter, compared to analysts’ expectations of $16.23 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BUD. Archer Investment Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the first quarter worth $32,000. Continuum Advisory LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at $39,000. First Horizon Corp increased its stake in shares of Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock worth $35,000 after acquiring an additional 230 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at about $36,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.