Anheuser-Busch InBev SA/NV (NYSE:BUD) Upgraded to “Buy” by UBS Group

UBS Group upgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) from a neutral rating to a buy rating in a research report released on Monday morning, MarketBeat reports.

Separately, TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an outperform rating for the company in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of Moderate Buy and an average target price of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $59.06 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $106.14 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. The business’s 50-day moving average price is $61.87 and its 200-day moving average price is $62.18. Anheuser-Busch InBev SA/NV has a 12 month low of $51.66 and a 12 month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $14.55 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.42 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were issued a $0.8722 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a yield of 1.1%. This is a boost from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 27.31%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $26,000. Naples Money Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $30,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 125.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 350 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 116.5% in the 4th quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after purchasing an additional 346 shares during the period. Finally, Janiczek Wealth Management LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 111.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock valued at $57,000 after purchasing an additional 464 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

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.