Anheuser-Busch InBev SA/NV (NYSE:BUD) Now Covered by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating on the consumer goods maker’s stock.

BUD has been the topic of several other reports. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Argus raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Up 0.8 %

NYSE:BUD opened at $62.09 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The stock’s fifty day simple moving average is $56.73 and its 200-day simple moving average is $56.79. The firm has a market capitalization of $111.59 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Equities research analysts expect 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

A number of large investors have recently added to or reduced their stakes in BUD. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $27,000. R Squared Ltd acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its position in Anheuser-Busch InBev SA/NV by 2,722.7% during the 4th quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock worth $31,000 after acquiring an additional 599 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $36,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $40,000. Institutional investors own 5.53% of the company’s stock.

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.