Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Monday, Briefing.com reports.
Separately, TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.13.
Check Out Our Latest Stock Analysis on BUD
Anheuser-Busch InBev SA/NV Stock Down 0.3 %
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The consumer goods maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.43 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC boosted its position in Anheuser-Busch InBev SA/NV by 25.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock worth $97,415,000 after purchasing an additional 309,977 shares during the period. SG Americas Securities LLC grew its holdings in Anheuser-Busch InBev SA/NV by 232.4% in the 4th quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock valued at $1,619,000 after buying an additional 17,516 shares during the last quarter. Capital International Investors increased its position in Anheuser-Busch InBev SA/NV by 0.9% in the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock worth $137,447,000 after buying an additional 18,280 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $1,604,000. Finally, Perpetual Ltd grew its stake in shares of Anheuser-Busch InBev SA/NV by 13.7% in the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock worth $7,736,000 after acquiring an additional 15,364 shares during 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.
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