Anheuser-Busch InBev SA/NV’s (BUD) “Buy” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research note published on Wednesday morning,MarketScreener reports.

Separately, BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $58.79 on Wednesday. The stock has a market capitalization of $105.66 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.63 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The firm’s 50 day simple moving average is $62.90 and its 200-day simple moving average is $64.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors and hedge funds have recently bought and sold shares of BUD. Ameriprise Financial Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 4.8% in the 4th quarter. Ameriprise Financial Inc. now owns 48,896 shares of the consumer goods maker’s stock valued at $2,448,000 after buying an additional 2,219 shares during the period. Deutsche Bank AG raised its holdings in Anheuser-Busch InBev SA/NV by 9,856.6% in the 4th quarter. Deutsche Bank AG now owns 46,796 shares of the consumer goods maker’s stock valued at $2,343,000 after buying an additional 46,326 shares during the period. Two Sigma Advisers LP raised its holdings in Anheuser-Busch InBev SA/NV by 237.0% in the 4th quarter. Two Sigma Advisers LP now owns 343,102 shares of the consumer goods maker’s stock valued at $17,179,000 after buying an additional 241,300 shares during the period. Poehling Capital Management INC. raised its holdings in Anheuser-Busch InBev SA/NV by 34.6% in the 4th quarter. Poehling Capital Management INC. now owns 11,049 shares of the consumer goods maker’s stock valued at $553,000 after buying an additional 2,839 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 23.2% in the 4th quarter. Vise Technologies Inc. now owns 16,812 shares of the consumer goods maker’s stock valued at $842,000 after buying an additional 3,161 shares during the period. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

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.