Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reissued their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research note issued to investors on Wednesday morning,MarketScreener reports.

Other equities research analysts have also issued research reports about the stock. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 19th. Morningstar upgraded shares of Anheuser-Busch InBev SA/NV to a “buy” rating in a report on Thursday, September 18th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. Finally, Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $61.55 on Wednesday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The firm has a market cap of $120.18 billion, a PE ratio of 17.29, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $61.19 and a 200-day moving average price of $64.20.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Announces Dividend

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

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

Several hedge funds have recently bought and sold shares of the stock. ARQ Wealth Advisors LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter worth about $540,000. Coldstream Capital Management Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 67.0% during the third quarter. Coldstream Capital Management Inc. now owns 14,929 shares of the consumer goods maker’s stock worth $890,000 after purchasing an additional 5,987 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $140,000. Keystone Financial Group grew its holdings in Anheuser-Busch InBev SA/NV by 43.2% during the 3rd quarter. Keystone Financial Group now owns 7,636 shares of the consumer goods maker’s stock valued at $467,000 after purchasing an additional 2,302 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Anheuser-Busch InBev SA/NV by 22.0% during the third quarter. XTX Topco Ltd now owns 34,979 shares of the consumer goods maker’s stock valued at $2,085,000 after acquiring an additional 6,316 shares in the last quarter. 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.