Anheuser-Busch InBev SA/NV (NYSE:BUD) Earns "Buy" Rating from Sanford C. Bernstein

Key Points

• Sanford C. Bernstein has reaffirmed its buy rating for Anheuser-Busch InBev SA/NV (NYSE:BUD) as of a report released on Monday.
• The stock holds a consensus rating of "Buy" with a target price of $71.00, although a few firms have recently adjusted their ratings, indicating mixed sentiments in the market.
• Anheuser-Busch InBev SA/NV reported an EPS of $0.98, surpassing expectations, despite a 2.1% decline in quarterly revenue year-over-year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report)'s stock had its "buy" rating restated by Sanford C. Bernstein in a report issued on Monday,MarketScreener reports.

Several other research analysts have also commented on the company. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Royal Bank Of Canada restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD traded up $0.76 during midday trading on Monday, hitting $59.34. The company had a trading volume of 2,619,417 shares, compared to its average volume of 2,131,178. The stock has a market cap of $115.87 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The business's 50-day simple moving average is $62.56 and its 200-day simple moving average is $64.97.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data 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% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at approximately $35,000. NBC Securities Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $32,000. NewSquare Capital LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 602.7% in the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker's stock valued at $36,000 after purchasing an additional 452 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 5.53% of the company's stock.

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.