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

Anheuser-Busch InBev SA/NV logo with Consumer Staples background
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Key Points

  • JPMorgan Chase reiterated a "Buy" on Anheuser‑Busch InBev (BUD), contributing to a consensus "Moderate Buy" with an average price target of $86.50.
  • AB InBev delivered a strong Q1 beat—EPS $0.97 vs. $0.90 and revenue $15.27B vs. $14.69B—with revenue up ~12% YoY and a return to organic volume growth (~0.8–1.2%) driven by Corona, Michelob Ultra and Cutwater.
  • The stock jumped about 8.1% on the news, analysts remain mostly bullish (one Strong Buy, eleven Buy, four Hold), and the company has a market cap of roughly $155.8B with a P/E of ~23.2.
  • MarketBeat previews top five stocks to own in June.

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

BUD has been the subject of several other reports. Wells Fargo & Company boosted their target price on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, February 9th. Berenberg Bank reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft restated a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, April 7th. DZ Bank reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Read Our Latest Stock Analysis on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Trading Up 8.1%

Anheuser-Busch InBev SA/NV stock opened at $79.87 on Tuesday. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $81.56. The company's fifty day moving average price is $73.46 and its two-hundred day moving average price is $68.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The company has a market capitalization of $155.79 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.40 and a beta of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The consumer goods maker reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.07. The company had revenue of $15.27 billion during the quarter, compared to analysts' expectations of $14.69 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 4.18 earnings per share for the current fiscal year.

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

Several hedge funds have recently modified their holdings of BUD. Gratus Wealth Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $209,000. Persium Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 1.4% during the 1st quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker's stock valued at $755,000 after purchasing an additional 152 shares during the last quarter. ARQ Wealth Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 691.3% during the 1st quarter. ARQ Wealth Advisors LLC now owns 60,299 shares of the consumer goods maker's stock valued at $4,183,000 after purchasing an additional 52,679 shares during the last quarter. Fifth Third Bancorp raised its stake in Anheuser-Busch InBev SA/NV by 19.0% during the 1st quarter. Fifth Third Bancorp now owns 1,029 shares of the consumer goods maker's stock valued at $71,000 after purchasing an additional 164 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 3.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 34,102 shares of the consumer goods maker's stock valued at $2,366,000 after purchasing an additional 1,226 shares during the period. 5.53% of the stock is owned by institutional investors.

Key Stories Impacting Anheuser-Busch InBev SA/NV

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

Anheuser-Busch InBev SA/NV Company Profile

(Get Free Report)

Anheuser-Busch InBev SA/NV NYSE: BUD is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world's largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company's operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev's portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.

Further Reading

Analyst Recommendations for Anheuser-Busch InBev SA/NV (NYSE:BUD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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