JPMorgan Chase & Co. Reaffirms Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday,MarketScreener reports.

A number of other equities analysts have also recently issued reports on the stock. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, February 16th. Wells Fargo & Company raised their target price on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, February 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.50.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $71.35 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72. Anheuser-Busch InBev SA/NV has a fifty-two week low of $56.97 and a fifty-two week high of $81.56. The firm has a market cap of $139.17 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.20 and a beta of 0.58. The business has a 50 day moving average price of $73.91 and a 200-day moving average price of $66.52.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 11.53% and a return on equity of 15.67%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $15.48 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Purpose Unlimited Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $162,000. Rockefeller Capital Management L.P. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 42.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,881 shares of the consumer goods maker’s stock worth $441,000 after acquiring an additional 2,051 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 18.5% during the 4th quarter. Corient Private Wealth LLC now owns 17,126 shares of the consumer goods maker’s stock worth $1,099,000 after acquiring an additional 2,675 shares during the period. Pure Financial Advisors LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 94.5% in the 4th quarter. Pure Financial Advisors LLC now owns 7,699 shares of the consumer goods maker’s stock worth $493,000 after acquiring an additional 3,740 shares in the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $209,000. Hedge funds and other 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.