Citigroup upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat reports.
BUD has been the subject of several other reports. Morgan Stanley lifted their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an overweight rating in a report on Tuesday, September 10th. UBS Group raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a report on Monday, June 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $73.25.
Check Out Our Latest Stock Report on BUD
Anheuser-Busch InBev SA/NV Price Performance
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same period in the previous year, the firm earned $0.72 EPS. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV
A number of institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC increased its holdings in Anheuser-Busch InBev SA/NV by 18.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,866 shares of the consumer goods maker’s stock worth $767,000 after purchasing an additional 1,863 shares in the last quarter. Franklin Resources Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 19,139 shares of the consumer goods maker’s stock worth $1,237,000 after purchasing an additional 201 shares in the last quarter. Stifel Financial Corp increased its holdings in Anheuser-Busch InBev SA/NV by 6.2% in the 4th quarter. Stifel Financial Corp now owns 148,098 shares of the consumer goods maker’s stock worth $9,570,000 after purchasing an additional 8,584 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Anheuser-Busch InBev SA/NV by 132,300.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,324 shares of the consumer goods maker’s stock worth $86,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth about $225,000. Institutional investors and hedge funds 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.
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