Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded by Barclays to Strong-Buy

Barclays upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) to a strong-buy rating in a research note released on Wednesday morning, Zacks.com reports.

Several other research firms also recently weighed in on BUD. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a buy rating to a hold rating and raised their price target for the stock from $68.00 to $88.00 in a research report on Tuesday. Evercore ISI raised Anheuser-Busch InBev SA/NV to a strong-buy rating in a research report on Monday, September 30th. UBS Group raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Monday, June 24th. Morgan Stanley raised their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an overweight rating in a research report on Tuesday, September 10th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $64.07 on Wednesday. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49. The company has a market capitalization of $115.15 billion, a P/E ratio of 26.92, a PEG ratio of 1.77 and a beta of 1.10. The business has a 50 day moving average price of $62.92 and a 200 day moving average price of $61.65. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $15.21 billion. During the same period last year, the business posted $0.72 EPS. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Several hedge funds have recently made changes to their positions in BUD. Covenant Partners LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 24.3% during the fourth quarter. Covenant Partners LLC now owns 7,406 shares of the consumer goods maker’s stock worth $479,000 after purchasing an additional 1,446 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $305,000. Integrated Advisors Network LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 33.4% in the fourth quarter. Integrated Advisors Network LLC now owns 5,260 shares of the consumer goods maker’s stock valued at $340,000 after acquiring an additional 1,317 shares during the last quarter. Syon Capital LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 10.6% in the fourth quarter. Syon Capital LLC now owns 6,741 shares of the consumer goods maker’s stock valued at $436,000 after acquiring an additional 648 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $637,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.