Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up on Better-Than-Expected Earnings

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $61.26, but opened at $63.31. Anheuser-Busch InBev SA/NV shares last traded at $63.34, with a volume of 387,135 shares traded.

The consumer goods maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $15.33 billion for the quarter, compared to analysts’ expectations of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. During the same period last year, the firm earned $0.72 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Morgan Stanley decreased their price objective on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $72.13.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds and other institutional investors have recently modified their holdings of BUD. Westside Investment Management Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 15.1% in the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after acquiring an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd 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 during the period. Lake Street Advisors Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 1.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after purchasing an additional 186 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in Anheuser-Busch InBev SA/NV by 1.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock valued at $643,000 after buying an additional 196 shares during the period. Finally, GAMMA Investing LLC lifted its position in Anheuser-Busch InBev SA/NV by 20.6% in the second quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after buying an additional 197 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Up 3.4 %

The company’s 50 day simple moving average is $60.76 and its two-hundred day simple moving average is $61.47. The company has a market cap of $113.83 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV Company Profile

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.