Wells Fargo & Company Begins Coverage on Anheuser-Busch InBev SA/NV (NYSE:BUD)

Stock analysts at Wells Fargo & Company assumed coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a note issued to investors on Wednesday,Benzinga reports. The brokerage set an “overweight” rating and a $75.00 price target on the consumer goods maker’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 22.64% from the stock’s previous close.

A number of other equities analysts also recently weighed in on BUD. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. DZ Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 7th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, October 21st. Finally, Barclays reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Anheuser-Busch InBev SA/NV Stock Down 1.6%

NYSE BUD opened at $61.16 on Wednesday. The stock’s 50 day simple moving average is $60.70 and its 200 day simple moving average is $64.43. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $72.13. The firm has a market cap of $119.42 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same period last year, the company earned $0.98 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 494.7% during the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after acquiring an additional 371 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. NewSquare Capital LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 602.7% during the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock worth $36,000 after acquiring an additional 452 shares during the period. Finally, Mather Group LLC. bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $34,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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.