Sanford C. Bernstein Reiterates Buy Rating for Anheuser-Busch InBev SA/NV (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD)‘s stock had its “buy” rating restated by equities researchers at Sanford C. Bernstein in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other equities research analysts have also weighed in on the company. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, April 2nd. Wells Fargo & Company boosted their price target on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $71.52 on Wednesday. Anheuser-Busch InBev SA/NV has a 12 month low of $56.97 and a 12 month high of $81.56. The stock has a fifty day moving average price of $73.99 and a 200-day moving average price of $66.82. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The firm has a market cap of $139.51 billion, a PE ratio of 20.79, a P/E/G ratio of 1.20 and a beta of 0.58.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $15.48 billion. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Purpose Unlimited Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $162,000. Rockefeller Capital Management L.P. raised its position in Anheuser-Busch InBev SA/NV by 42.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,881 shares of the consumer goods maker’s stock valued at $441,000 after purchasing an additional 2,051 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 18.5% during the fourth quarter. Corient Private Wealth LLC now owns 17,126 shares of the consumer goods maker’s stock worth $1,099,000 after buying an additional 2,675 shares in the last quarter. Pure Financial Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 94.5% during the fourth quarter. Pure Financial Advisors LLC now owns 7,699 shares of the consumer goods maker’s stock worth $493,000 after buying an additional 3,740 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $209,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

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.