Anheuser Busch Inbev (NYSE:BUD) Stock Rating Upgraded by Bank of America

Anheuser Busch Inbev (NYSE:BUD) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat.com reports. The analysts noted that the move was a valuation call.

BUD has been the topic of a number of other reports. Barclays set a €16.80 ($19.53) price target on Deutsche Telekom and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Argus cut Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Zacks Investment Research cut Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $83.77.

Anheuser Busch Inbev stock opened at $101.58 on Monday. Anheuser Busch Inbev has a 1-year low of $64.54 and a 1-year high of $102.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.53. The firm has a market capitalization of $172.00 billion, a PE ratio of 29.53, a PEG ratio of 2.55 and a beta of 1.17. The company has a fifty day simple moving average of $90.94.

Anheuser Busch Inbev (NYSE:BUD) last posted its quarterly earnings results on Thursday, July 25th. The consumer goods maker reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.12. Anheuser Busch Inbev had a return on equity of 34.10% and a net margin of 13.81%. The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $13.81 billion. During the same period last year, the firm earned $0.95 earnings per share. Anheuser Busch Inbev’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that Anheuser Busch Inbev will post 4.68 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clarus Wealth Advisors increased its position in shares of Anheuser Busch Inbev by 17.1% during the second quarter. Clarus Wealth Advisors now owns 718 shares of the consumer goods maker’s stock worth $64,000 after purchasing an additional 105 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Anheuser Busch Inbev by 10.9% during the first quarter. Carroll Financial Associates Inc. now owns 1,157 shares of the consumer goods maker’s stock worth $97,000 after purchasing an additional 114 shares in the last quarter. National Asset Management Inc. increased its position in shares of Anheuser Busch Inbev by 3.7% during the first quarter. National Asset Management Inc. now owns 3,523 shares of the consumer goods maker’s stock worth $297,000 after purchasing an additional 126 shares in the last quarter. Red Cedar Capital LLC increased its position in shares of Anheuser Busch Inbev by 0.4% during the first quarter. Red Cedar Capital LLC now owns 31,981 shares of the consumer goods maker’s stock worth $2,685,000 after purchasing an additional 127 shares in the last quarter. Finally, Weik Capital Management increased its position in shares of Anheuser Busch Inbev by 1.1% during the first quarter. Weik Capital Management now owns 11,915 shares of the consumer goods maker’s stock worth $1,001,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 4.52% of the company’s stock.

Anheuser Busch Inbev Company Profile

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.

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Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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