Anheuser Busch Inbev (NYSE:BUD) Lifted to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of Anheuser Busch Inbev (NYSE:BUD) from an in-line rating to an outperform rating in a research report released on Thursday morning, BenzingaRatingsTable reports. They currently have $75.00 price objective on the consumer goods maker’s stock.

Several other brokerages have also recently commented on BUD. Royal Bank of Canada reiterated an outperform rating on shares of Anheuser Busch Inbev in a research report on Friday, May 29th. Bryan, Garnier & Co cut shares of Anheuser Busch Inbev from a buy rating to a sell rating in a research report on Wednesday, July 15th. Cfra dropped their price target on shares of Anheuser Busch Inbev from $70.00 to $50.00 and set a hold rating on the stock in a research report on Tuesday, May 26th. Societe Generale reiterated a hold rating on shares of Anheuser Busch Inbev in a research report on Thursday, June 4th. Finally, Kepler Capital Markets reissued a buy rating on shares of Anheuser Busch Inbev in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $77.33.

Shares of NYSE BUD opened at $54.43 on Thursday. Anheuser Busch Inbev has a fifty-two week low of $32.58 and a fifty-two week high of $102.59. The firm’s 50-day simple moving average is $52.10 and its 200 day simple moving average is $54.64. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock has a market cap of $109.75 billion, a P/E ratio of 87.79 and a beta of 1.32.

Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 30th. The consumer goods maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.31 by $0.15. Anheuser Busch Inbev had a net margin of 2.55% and a return on equity of 12.24%. The firm had revenue of $10.29 billion for the quarter, compared to analysts’ expectations of $9.29 billion. On average, sell-side analysts anticipate that Anheuser Busch Inbev will post 1.77 earnings per share for the current fiscal year.

The firm also recently announced a semi-annual dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.551 per share. The ex-dividend date was Tuesday, June 9th. This represents a yield of 3.2%. Anheuser Busch Inbev’s dividend payout ratio (DPR) is presently 20.59%.

A number of large investors have recently added to or reduced their stakes in BUD. Amundi Pioneer Asset Management Inc. grew its stake in Anheuser Busch Inbev by 272.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,000 shares of the consumer goods maker’s stock valued at $2,519,000 after acquiring an additional 47,400 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Anheuser Busch Inbev by 538.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 19,788 shares of the consumer goods maker’s stock valued at $1,623,000 after buying an additional 16,688 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Anheuser Busch Inbev during the 4th quarter valued at about $16,951,000. RMR Wealth Builders acquired a new stake in shares of Anheuser Busch Inbev during the 4th quarter valued at about $32,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Anheuser Busch Inbev during the 4th quarter valued at about $10,709,000. 3.72% of the stock is currently owned by institutional investors.

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.

Further Reading: What are the qualifications of a portfolio manager?

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.