Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat.com reports.
A number of other equities analysts have also recently issued reports on BUD. StockNews.com started coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 5th. They set a “hold” rating for the company. Bank of America raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. TD Cowen began coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, September 15th. They issued an “outperform” rating for the company. Finally, Morgan Stanley upgraded Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $64.00 to $68.50 in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Hold” and an average target price of $69.50.
Anheuser-Busch InBev SA/NV Price Performance
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last released its earnings results on Wednesday, November 1st. The consumer goods maker reported $0.86 earnings per share for the quarter, hitting the consensus estimate of $0.86. Anheuser-Busch InBev SA/NV had a return on equity of 14.94% and a net margin of 10.56%. The firm had revenue of $15.57 billion during the quarter, compared to analysts’ expectations of $15.72 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.04 EPS for the current fiscal year.
Institutional Trading of Anheuser-Busch InBev SA/NV
Several large investors have recently modified their holdings of the stock. BOKF NA acquired a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $26,000. Clearstead Advisors LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $32,000. Bessemer Group Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 253.0% in the second quarter. Bessemer Group Inc. now owns 533 shares of the consumer goods maker’s stock worth $30,000 after purchasing an additional 382 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 448.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 603 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 493 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces, distributes, 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.
- Five stocks we like better than Anheuser-Busch InBev SA/NV
- Best Aerospace Stocks Investing
- Data giants MongoDB and Snowflake just got upgraded
- Which Wall Street Analysts are the Most Accurate?
- Plug Power at tipping point; it’s make or break time for hydrogen
- What is ChatGPT Stock? How to Invest in It
- Palantir’s Q3 earnings beat: Time to buy despite analyst caution?
Receive News & Ratings for Anheuser-Busch InBev SA/NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch InBev SA/NV and related companies with MarketBeat.com's FREE daily email newsletter.