Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded to Buy by Citigroup

Citigroup upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

A number of other analysts have also issued reports on the company. UBS Group raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Monday, June 24th. Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $73.25.

Anheuser-Busch InBev SA/NV Stock Up 0.2 %

Shares of NYSE:BUD opened at $66.39 on Tuesday. The company has a market capitalization of $119.31 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 12-month low of $51.66 and a 12-month high of $67.49. The business has a 50-day moving average price of $62.58 and a 200 day moving average price of $61.52. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The business had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. During the same period last year, the business earned $0.72 earnings per share. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Several large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 18.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,866 shares of the consumer goods maker’s stock worth $767,000 after buying an additional 1,863 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 19,139 shares of the consumer goods maker’s stock valued at $1,237,000 after purchasing an additional 201 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Anheuser-Busch InBev SA/NV by 6.2% during the 4th quarter. Stifel Financial Corp now owns 148,098 shares of the consumer goods maker’s stock worth $9,570,000 after purchasing an additional 8,584 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Anheuser-Busch InBev SA/NV by 132,300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,324 shares of the consumer goods maker’s stock worth $86,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $225,000. 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 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.