Royal Bank Of Canada 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 equities researchers at Royal Bank Of Canada in a report released on Tuesday,MarketScreener reports.

Several other analysts also recently commented on the stock. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 26th. One 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 stock. According to data from MarketBeat.com, the company 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 stock opened at $62.21 on Tuesday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock’s 50-day moving average is $61.50 and its two-hundred day moving average is $63.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The firm has a market cap of $121.46 billion, a P/E ratio of 20.33, a PEG ratio of 1.78 and a beta of 0.58.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The business had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in BUD. Sage Rhino Capital LLC raised its holdings in Anheuser-Busch InBev SA/NV by 5.1% in the 2nd quarter. Sage Rhino Capital LLC now owns 3,477 shares of the consumer goods maker’s stock valued at $239,000 after acquiring an additional 170 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Anheuser-Busch InBev SA/NV by 0.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 46,080 shares of the consumer goods maker’s stock valued at $2,747,000 after purchasing an additional 189 shares during the period. Huntington National Bank raised its stake in shares of Anheuser-Busch InBev SA/NV by 16.3% in the second quarter. Huntington National Bank now owns 1,387 shares of the consumer goods maker’s stock valued at $95,000 after purchasing an additional 194 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 4.2% in the third quarter. Apollon Wealth Management LLC now owns 5,042 shares of the consumer goods maker’s stock worth $301,000 after purchasing an additional 203 shares during the period. Finally, UMB Bank n.a. boosted its stake in Anheuser-Busch InBev SA/NV by 14.4% during the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker’s stock worth $118,000 after buying an additional 217 shares in the last quarter. Institutional investors 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.