Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded at Evercore ISI

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

A number of other brokerages also recently issued reports on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Tuesday. UBS Group upgraded Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Monday, June 24th. Finally, Morgan Stanley boosted 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $73.25.

Anheuser-Busch InBev SA/NV Stock Down 0.4 %

NYSE:BUD opened at $66.26 on Monday. The company’s fifty day moving average price is $62.36 and its 200-day moving average price is $61.45. The firm has a market capitalization of $119.08 billion, a P/E ratio of 27.84, a PEG ratio of 1.77 and a beta of 1.09. 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 has a 1-year low of $51.66 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.72 earnings per share. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Several institutional investors have recently bought and sold shares of BUD. GPS Wealth Strategies Group LLC raised its stake in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Addison Advisors LLC raised its stake in 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 worth $34,000 after acquiring an additional 168 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $35,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $38,000. 5.53% of the stock is owned by institutional investors and hedge funds.

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.