Zacks Investment Research upgraded shares of Anheuser Busch Inbev SA (NYSE:BUD) from a hold rating to a strong-buy rating in a report released on Wednesday. They currently have $141.00 price objective on the stock.

According to Zacks, “Anheuser-Busch is the leading global brewer and one of the world’s top five consumer products companies. Their portfolio of well over 200 beer brands continues to forge strong connections with consumers. They invest the majority of their brand-building resources on their Focus Brands – those with the greatest growth potential such as global brands Budweiser®, Stella Artois® and Beck’s®, alongside Leffe®, Hoegaarden®, Bud Light®, Skol®, Brahma®, Antarctica®, Quilmes®, Michelob Ultra®, Harbin®, Sedrin®, Klinskoye®, Sibirskaya Korona®, Chernigivske®, Hasseröder® and Jupiler®. In addition, the company owns a 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico’s leading brewer and owner of the global Corona® brand. “

Several other brokerages have also weighed in on BUD. Vetr lowered Anheuser Busch Inbev SA from a strong-buy rating to a buy rating and set a $130.17 price objective for the company. in a report on Monday, May 23rd. Credit Agricole SA reissued an outperform rating and set a $145.00 price objective on shares of Anheuser Busch Inbev SA in a report on Sunday, August 21st. Susquehanna lowered Anheuser Busch Inbev SA from a positive rating to a neutral rating in a report on Monday, August 1st. Jefferies Group started coverage on Anheuser Busch Inbev SA in a report on Tuesday, September 13th. They set a buy rating and a $146.00 price objective for the company. Finally, Investec increased their price objective on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the company a buy rating in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $133.26.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) opened at 125.30 on Wednesday. Anheuser Busch Inbev SA has a 12 month low of $103.19 and a 12 month high of $132.91. The company’s 50-day moving average price is $125.11 and its 200-day moving average price is $124.95. The company has a market cap of $201.45 billion and a price-to-earnings ratio of 53.00.

Anheuser Busch Inbev SA (NYSE:BUD) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.06. The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.93 billion. During the same period last year, the company posted $1.21 earnings per share. Anheuser Busch Inbev SA’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Anheuser Busch Inbev SA will post $3.70 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in Anheuser Busch Inbev SA by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 257,529 shares of the company’s stock worth $32,104,000 after buying an additional 24,522 shares in the last quarter. Lazard Asset Management LLC boosted its position in Anheuser Busch Inbev SA by 1.4% in the first quarter. Lazard Asset Management LLC now owns 1,046,191 shares of the company’s stock worth $130,417,000 after buying an additional 14,042 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new position in Anheuser Busch Inbev SA during the first quarter worth approximately $416,000. Renaissance Technologies LLC boosted its position in Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock worth $49,530,000 after buying an additional 314,209 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Anheuser Busch Inbev SA by 39.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 185,168 shares of the company’s stock worth $23,083,000 after buying an additional 52,355 shares in the last quarter.

About Anheuser Busch Inbev SA

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

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