Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up After Earnings Beat

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $54.77, but opened at $59.19. Anheuser-Busch InBev SA/NV shares last traded at $59.45, with a volume of 1,542,361 shares trading hands.

The consumer goods maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%.

Analysts Set New Price Targets

Separately, TD Cowen cut their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $64.00.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several hedge funds have recently added to or reduced their stakes in BUD. Ashton Thomas Securities LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $30,000. First Personal Financial Services raised its holdings in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after buying an additional 205 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 2,722.7% in the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

The company’s fifty day moving average price is $50.16 and its two-hundred day moving average price is $56.77. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $105.66 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.73 and a beta of 1.08.

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.