Citigroup Inc. restated their buy rating on shares of Anheuser Busch Inbev SA (NYSE:BUD) in a research note released on Monday morning.

A number of other equities research analysts have also weighed in on the company. Credit Agricole SA restated an outperform rating and set a $145.00 price objective on shares of Anheuser Busch Inbev SA in a research note on Sunday, August 21st. Vetr lowered Anheuser Busch Inbev SA from a buy rating to a sell rating and set a $120.10 price objective for the company. in a research note on Wednesday, July 6th. Liberum Capital initiated coverage on Anheuser Busch Inbev SA in a research note on Monday, October 3rd. They set a buy rating for the company. Royal Bank Of Canada lowered Anheuser Busch Inbev SA from a sector perform rating to an underperform rating and raised their price objective for the company from $102.00 to $106.00 in a research note on Wednesday, July 6th. Finally, Morgan Stanley initiated coverage on Anheuser Busch Inbev SA in a research note on Wednesday, October 5th. They set an overweight rating for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $133.42.

Anheuser Busch Inbev SA (NYSE:BUD) traded up 0.569% during midday trading on Monday, hitting $128.216. The stock had a trading volume of 208,660 shares. The stock has a 50-day moving average price of $127.09 and a 200 day moving average price of $126.16. Anheuser Busch Inbev SA has a one year low of $110.59 and a one year high of $136.08. The firm has a market cap of $206.14 billion and a PE ratio of 54.237.

Anheuser Busch Inbev SA (NYSE:BUD) last announced its earnings results on Friday, July 29th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.00 by $0.06. The company had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.93 billion. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. On average, analysts predict that Anheuser Busch Inbev SA will post $3.70 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of BUD. Franklin Resources Inc. increased its position in shares of Anheuser Busch Inbev SA by 146.4% in the second quarter. Franklin Resources Inc. now owns 5,189,442 shares of the company’s stock worth $683,345,000 after buying an additional 3,083,352 shares during the period. Lone Pine Capital LLC increased its position in shares of Anheuser Busch Inbev SA by 124.1% in the second quarter. Lone Pine Capital LLC now owns 4,207,607 shares of the company’s stock worth $554,058,000 after buying an additional 2,329,803 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Anheuser Busch Inbev SA during the second quarter worth approximately $207,234,000. Senator Investment Group LP increased its position in shares of Anheuser Busch Inbev SA by 95.8% in the second quarter. Senator Investment Group LP now owns 2,350,000 shares of the company’s stock worth $309,448,000 after buying an additional 1,150,000 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Anheuser Busch Inbev SA by 378.1% in the first quarter. Renaissance Technologies LLC now owns 397,317 shares of the company’s stock worth $49,530,000 after buying an additional 314,209 shares during the period.

About Anheuser Busch Inbev SA

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

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