Anheuser-Busch InBev SA/NV (NYSE:BUD) Raised to Buy at The Goldman Sachs Group

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a report issued on Monday,Briefing.com Automated Import reports. The firm currently has a $88.00 price objective on the consumer goods maker's stock. The Goldman Sachs Group's price objective points to a potential upside of 30.76% from the stock's previous close.

A number of other equities research analysts have also issued reports on BUD. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Thursday, March 27th. Berenberg Bank initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Finally, StockNews.com raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of "Buy" and a consensus price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Up 0.4%

BUD opened at $67.30 on Monday. The company has a market cap of $120.95 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.55. The firm has a 50 day moving average price of $63.33 and a 200 day moving average price of $56.61.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its earnings results on Thursday, May 8th. The consumer goods maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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

Large investors have recently made changes to their positions in the business. Empirical Asset Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $2,127,000. Brooklyn Investment Group bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth about $50,000. Integrated Investment Consultants LLC grew its holdings in Anheuser-Busch InBev SA/NV by 1.6% in the fourth quarter. Integrated Investment Consultants LLC now owns 28,993 shares of the consumer goods maker's stock worth $1,452,000 after purchasing an additional 464 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 13.3% in the 4th quarter. Premier Path Wealth Partners LLC now owns 21,488 shares of the consumer goods maker's stock worth $1,076,000 after buying an additional 2,527 shares during the last quarter. Finally, LVW Advisors LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 33.2% during the fourth quarter. LVW Advisors LLC now owns 6,444 shares of the consumer goods maker's stock valued at $323,000 after acquiring an additional 1,606 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

About Anheuser-Busch InBev SA/NV

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.