Deutsche Bank Aktiengesellschaft Upgrades Anheuser-Busch InBev SA/NV (NYSE:BUD) to Buy

Key Points

• Deutsche Bank upgraded Anheuser-Busch InBev to “buy” from “hold,” joining a broader analyst consensus of “Moderate Buy” with an average price target of $91.08.
• BUD shares opened at $79.42, while the company’s latest quarterly results surpassed expectations: earnings were $1.21 per share versus $1.09 expected, and revenue rose 11% year over year to $16.66 billion.
• Institutional investors and hedge funds own 5.53% of the company, with several funds recently initiating or increasing positions in the brewer.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued on Wednesday, MarketBeat reports.

BUD has been the subject of a number of other reports. Weiss Ratings cut shares of Anheuser-Busch InBev SA/NV from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 17th. Morgan Stanley decreased their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. UBS Group reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Finally, DZ Bank reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, May 21st. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Stock Down 0.5%

Shares of NYSE:BUD opened at $79.42 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50. The business has a 50 day simple moving average of $80.59 and a two-hundred day simple moving average of $78.37. Anheuser-Busch InBev SA/NV has a 1 year low of $57.79 and a 1 year high of $86.60. The firm has a market capitalization of $160.36 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BUD. Archer Investment Corp purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. First Horizon Corp raised its holdings in 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 acquiring an additional 230 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 5.53% of the company's stock.

About Anheuser-Busch InBev SA/NV

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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