Anheuser-Busch InBev SA/NV (NYSE:BUD) Given Buy Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan reaffirmed its “buy” rating on Anheuser-Busch InBev, while other analysts largely remained positive. The stock has a consensus “Moderate Buy” rating and an average price target of $91.08.
• AB InBev shares opened at $77.05, with a market capitalization of approximately $155.6 billion and a 52-week range of $58.44 to $86.60.
• The company beat quarterly expectations, reporting $1.21 in earnings per share versus the $1.09 consensus and revenue of $16.66 billion, up 11% year over year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report)'s stock had its "buy" rating restated by JPMorgan Chase & Co. in a research note issued on Thursday.

Several other equities analysts have also issued reports on the stock. Barclays reissued an "equal weight" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, July 27th. Morgan Stanley dropped their price target on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating on the stock in a research report on Thursday, July 2nd. UBS Group reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. Bank of America reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.08.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $77.05 on Thursday. The stock has a market capitalization of $155.59 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.12 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $80.44 and a 200-day simple moving average of $78.39. Anheuser-Busch InBev SA/NV has a 1-year low of $58.44 and a 1-year high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. The business had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The company's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of BUD. Archer Investment Corp bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $32,000. Continuum Advisory LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at about $39,000. First Horizon Corp raised its position in shares of Anheuser-Busch InBev SA/NV by 84.6% in the 1st quarter. First Horizon Corp now owns 502 shares of the consumer goods maker's stock valued at $35,000 after purchasing an additional 230 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $36,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch's U.S.

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