Berenberg Bank Initiates Coverage on Anheuser-Busch InBev SA/NV (NYSE:BUD)

Investment analysts at Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating on the consumer goods maker’s stock.

Several other brokerages have also issued reports on BUD. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, March 27th. TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $62.16 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The firm has a 50-day moving average of $56.44 and a 200 day moving average of $56.75. The company has a market cap of $111.71 billion, a P/E ratio of 19.21, a PEG ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 37.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after purchasing an additional 15,837 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $28,540,000. B&D White Capital Company LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $290,000. Blue Trust Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 15.8% during the 4th quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after acquiring an additional 464 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $37,311,000. Hedge funds and other institutional investors 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.