Anheuser-Busch InBev SA/NV (NYSE:BUD) Share Price Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• AB InBev shares moved above their 200-day moving average, reaching $83.56 before last trading at $82.30, compared with the 200-day average of $79.42.
• Analysts maintain a generally positive outlook: 12 rate the stock Buy and four Hold, producing a “Moderate Buy” consensus and an average price target of $87.83.
• The company exceeded quarterly expectations, reporting $1.21 in EPS versus $1.09 expected and revenue of $16.66 billion, up 11% year over year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $79.42 and traded as high as $83.56. Anheuser-Busch InBev SA/NV shares last traded at $82.2950, with a volume of 2,663,025 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on BUD shares. Barclays reissued a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 29th. Sanford C. Bernstein restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Finally, UBS Group reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.83.

Anheuser-Busch InBev SA/NV Trading Down 1.2%

The business's 50-day moving average price is $78.43 and its two-hundred day moving average price is $79.42. The company has a market capitalization of $166.17 billion, a P/E ratio of 17.44, a PEG ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.

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 (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The company had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The firm's revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Anheuser-Busch InBev SA/NV will post 4.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world's largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium's Interbrew and Brazil's AmBev in 2004.

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