Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) had its target price increased by Morgan Stanley from $68.50 to $73.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the consumer goods maker’s stock.
Separately, UBS Group upgraded Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $73.25.
View Our Latest Research Report on BUD
Anheuser-Busch InBev SA/NV Trading Up 0.8 %
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The company had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts expect 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
Several institutional investors and hedge funds have recently bought and sold shares of BUD. GPS Wealth Strategies Group LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. raised its stake in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Addison Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares during the period. Hantz Financial Services Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $35,000. Finally, Valley Wealth Managers Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the second quarter valued at $38,000. 5.53% of the stock is currently owned by hedge funds and other 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.
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