Anheuser-Busch InBev SA/NV (NYSE:BUD) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $66.12 and traded as high as $68.46. Anheuser-Busch InBev SA/NV shares last traded at $67.62, with a volume of 1,745,995 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BUD shares. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 20th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Anheuser-Busch InBev SA/NV Price Performance

The firm has a market capitalization of $131.89 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.15 and a beta of 0.54. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $73.81 and a two-hundred day moving average price of $66.12.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $15.48 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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

Several institutional investors have recently modified their holdings of BUD. Bogart Wealth LLC lifted its position in Anheuser-Busch InBev SA/NV by 3,800.0% in the 4th quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after purchasing an additional 380 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $26,000. Salomon & Ludwin LLC grew its position in Anheuser-Busch InBev SA/NV by 494.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after purchasing an additional 371 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 220 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $34,000. Institutional investors own 5.53% of the company’s stock.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.