Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report published on Thursday.

Several other equities research analysts have also recently commented on the company. TD Cowen increased their price target on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a report on Friday, June 26th. Weiss Ratings lowered Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Morgan Stanley dropped their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. Finally, Barclays reiterated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, July 27th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Anheuser-Busch InBev SA/NV Stock Up 0.7%

Shares of NYSE BUD opened at $77.96 on Thursday. The stock has a market cap of $157.43 billion, a PE ratio of 16.52, a P/E/G ratio of 1.12 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a 12-month low of $58.44 and a 12-month high of $86.60. The company has a 50-day moving average of $80.31 and a 200 day moving average of $78.42.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BUD. Goldman Sachs Group Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 1.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock valued at $256,792,000 after acquiring an additional 42,009 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 10,464.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock worth $262,876,000 after acquiring an additional 3,160,049 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 64.7% in the 1st quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after acquiring an additional 318,600 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Anheuser-Busch InBev SA/NV by 5.1% during the 1st quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker’s stock worth $41,722,000 after purchasing an additional 29,124 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 7,474.5% during the 2nd quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker’s stock worth $43,066,000 after purchasing an additional 515,743 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Key Stories Impacting Anheuser-Busch InBev SA/NV

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Jefferies maintained its Buy rating on Anheuser-Busch InBev, reinforcing the view that the brewer’s earnings and growth outlook remain attractive. Jefferies Buy Rating Article
• Positive Sentiment: RBC also retained its Buy rating, adding to the positive analyst consensus around BUD. RBC Buy Rating Article
• Positive Sentiment: JPMorgan, Bank of America, Deutsche Bank, Jefferies and UBS each reaffirmed Buy ratings, signaling continued confidence from a broad group of Wall Street analysts. The favorable view is consistent with the company’s latest reported quarter, when earnings and revenue exceeded consensus estimates and revenue grew year over year.
• Neutral Sentiment: An article discussing Vanguard bond ETFs BSV and VCIT is not directly related to Anheuser-Busch InBev’s business or outlook and is unlikely to materially affect BUD. Bond ETF Article
• Negative Sentiment: Barclays initiated or reiterated a Hold rating, offering a more cautious assessment than the cluster of Buy recommendations and potentially limiting near-term upside expectations. Barclays Hold Rating Article

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.