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

Key Points

• JPMorgan Chase & Co. has restated a "buy" rating for Anheuser-Busch InBev SA/NV (NYSE:BUD), indicating strong analyst confidence in the company.
• Anheuser-Busch InBev SA/NV has a consensus rating of "Moderate Buy" from analysts, with an average price target of $71.00.
• The company's shares experienced fluctuations, opening at $59.82 with a twelve month range between $45.94 and $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report)'s stock had its "buy" rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday,MarketScreener reports.

BUD has been the subject of several other reports. Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Kepler Capital Markets lowered Anheuser-Busch InBev SA/NV to a "hold" rating in a research report on Thursday. Royal Bank Of Canada reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday. Weiss Ratings reissued a "hold (c-)" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten 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 a consensus rating of "Moderate Buy" and an average price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $59.82 on Friday. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The stock has a market capitalization of $116.81 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.72 and a beta of 0.76. The stock has a fifty day simple moving average of $60.30 and a two-hundred day simple moving average of $64.64. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. On average, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BUD. Dodge & Cox increased its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% in the first quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker's stock valued at $2,531,109,000 after purchasing an additional 1,119,308 shares during the period. Bank of America Corp DE boosted its stake in shares of Anheuser-Busch InBev SA/NV by 23.7% in 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 buying an additional 641,158 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter worth about $33,999,000. Fisher Asset Management LLC boosted its stake 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 worth $732,826,000 after buying an additional 454,621 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker's stock worth $81,151,000 after buying an additional 265,783 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.