Susquehanna Bancshares set a $127.00 price target on Anheuser-Busch InBev (NYSE:BUD) in a research report report published on Friday. The brokerage currently has a buy rating on the consumer goods maker’s stock.
Other research analysts have also issued research reports about the stock. Sanford C. Bernstein set a $122.00 target price on shares of Anheuser-Busch InBev and gave the stock a buy rating in a research note on Thursday, May 10th. Stifel Nicolaus reaffirmed a buy rating and set a $124.00 target price on shares of Anheuser-Busch InBev in a research note on Thursday, April 19th. Zacks Investment Research raised shares of Anheuser-Busch InBev from a sell rating to a hold rating in a research note on Friday, February 16th. Societe Generale raised shares of Anheuser-Busch InBev from a sell rating to a hold rating in a research note on Friday, March 2nd. Finally, UBS raised shares of Anheuser-Busch InBev from a neutral rating to a positive rating in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $122.79.
Shares of Anheuser-Busch InBev opened at $94.20 on Friday, MarketBeat.com reports. The company has a quick ratio of 0.55, a current ratio of 0.66 and a debt-to-equity ratio of 1.36. The stock has a market cap of $159.67 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 1.94 and a beta of 1.01. Anheuser-Busch InBev has a 1-year low of $92.97 and a 1-year high of $126.50.
Anheuser-Busch InBev (NYSE:BUD) last announced its earnings results on Wednesday, May 9th. The consumer goods maker reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.06). The company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $12.94 billion. Anheuser-Busch InBev had a return on equity of 19.43% and a net margin of 13.45%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. equities research analysts anticipate that Anheuser-Busch InBev will post 4.72 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 2nd will be given a dividend of $2.4784 per share. This represents a dividend yield of 4.72%. The ex-dividend date is Tuesday, May 1st. This is a boost from Anheuser-Busch InBev’s previous semiannual dividend of $1.85. Anheuser-Busch InBev’s dividend payout ratio is currently 95.54%.
Several institutional investors and hedge funds have recently modified their holdings of BUD. Elite Wealth Management Inc. acquired a new stake in shares of Anheuser-Busch InBev during the fourth quarter worth about $341,000. Viking Global Investors LP lifted its position in shares of Anheuser-Busch InBev by 82.0% during the fourth quarter. Viking Global Investors LP now owns 2,856,181 shares of the consumer goods maker’s stock worth $318,636,000 after purchasing an additional 1,287,055 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Anheuser-Busch InBev during the fourth quarter worth about $1,128,000. HS Management Partners LLC acquired a new stake in shares of Anheuser-Busch InBev during the fourth quarter worth about $92,681,000. Finally, Maverick Capital Ltd. lifted its position in shares of Anheuser-Busch InBev by 53.0% during the fourth quarter. Maverick Capital Ltd. now owns 2,261,184 shares of the consumer goods maker’s stock worth $252,258,000 after purchasing an additional 783,554 shares in the last quarter. 5.97% of the stock is currently owned by institutional investors and hedge funds.
About Anheuser-Busch InBev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It 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, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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