Anheuser-Busch InBev SA/NV (NYSE:BUD) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, September 10th. UBS Group raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $73.25.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $66.28 on Tuesday. The stock has a market cap of $119.12 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a 50 day moving average price of $62.48 and a 200-day moving average price of $61.48. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.72 EPS. Equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors increased its holdings in shares of 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 valued at $137,447,000 after acquiring an additional 18,280 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after acquiring an additional 354 shares during the period. Perpetual Ltd increased its holdings in shares of Anheuser-Busch InBev SA/NV by 13.7% in the 1st quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock valued at $7,736,000 after acquiring an additional 15,364 shares during the period. OLD Mission Capital LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at $4,046,000. Finally, Cetera Investment Advisers increased its holdings in shares of Anheuser-Busch InBev SA/NV by 287.8% in the 1st quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after acquiring an additional 48,376 shares during the period. 5.53% of the stock is owned by institutional investors.

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.