Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report released on Wednesday morning,MarketScreener reports.

BUD has been the subject of a number of other research reports. Morningstar raised shares of Anheuser-Busch InBev SA/NV to a “buy” rating in a report on Thursday, September 18th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 30th. Wells Fargo & Company assumed coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday, November 19th. They issued an “overweight” rating and a $75.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 19th. Finally, UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $61.55 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The firm has a market cap of $120.18 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The business’s fifty day moving average is $61.19 and its 200-day moving average is $64.20.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.28 billion. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. Anheuser-Busch InBev SA/NV’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.1722 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a dividend yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 7.84%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of BUD. Salomon & Ludwin LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 494.7% during the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock valued at $27,000 after purchasing an additional 371 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $28,000. Mather Group LLC. acquired a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC grew its holdings in Anheuser-Busch InBev SA/NV by 602.7% during the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock worth $36,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.