Anheuser-Busch InBev SA/NV (NYSE:BUD) Earns Buy Rating from Royal Bank Of Canada

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Thursday,MarketScreener reports.

A number of other brokerages also recently issued reports on BUD. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 28th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday. Finally, DZ Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Anheuser-Busch InBev SA/NV Trading Up 3.9%

NYSE BUD opened at $80.25 on Thursday. The stock has a market cap of $156.71 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.47 and a fifty-two week high of $79.96. The stock has a 50 day simple moving average of $67.14 and a two-hundred day simple moving average of $63.24. 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 (NYSE:BUD) last posted its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.During the same quarter in the previous year, the firm earned $0.88 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors have recently bought and sold shares of BUD. Bank of Montreal Can raised its holdings in Anheuser-Busch InBev SA/NV by 150.6% in the third quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock worth $70,869,000 after buying an additional 714,420 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Anheuser-Busch InBev SA/NV by 23.7% during the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after buying an additional 641,158 shares during the last quarter. First Trust Advisors LP increased its position in shares of Anheuser-Busch InBev SA/NV by 535.6% during the third quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock valued at $38,962,000 after acquiring an additional 550,774 shares in the last quarter. Holocene Advisors LP purchased a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $33,999,000. Finally, Fisher Asset Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock valued at $732,826,000 after acquiring an additional 454,621 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.