Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives “Buy” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report issued on Friday morning,MarketScreener reports.

Several other brokerages have also commented on BUD. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, December 11th. Finally, Wells Fargo & Company assumed coverage on Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 19th. They set an “overweight” rating and a $75.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.67.

Anheuser-Busch InBev SA/NV Trading Up 1.0%

NYSE BUD opened at $75.77 on Friday. Anheuser-Busch InBev SA/NV has a 52 week low of $50.12 and a 52 week high of $76.30. The company has a 50 day moving average price of $66.26 and a 200 day moving average price of $63.15. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The firm has a market cap of $147.95 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in shares of Anheuser-Busch InBev SA/NV by 150.6% in the 3rd quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock worth $70,869,000 after acquiring an additional 714,420 shares during the period. Bank of America Corp DE boosted its position in Anheuser-Busch InBev SA/NV by 23.7% during the second quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after purchasing an additional 641,158 shares in the last quarter. First Trust Advisors LP grew its holdings in Anheuser-Busch InBev SA/NV by 535.6% in the third quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock valued at $38,962,000 after purchasing an additional 550,774 shares during the last quarter. Holocene Advisors LP acquired a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at $33,999,000. Finally, Fisher Asset Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 4.5% in the second quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock valued at $732,826,000 after buying an additional 454,621 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.