Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price Target Lowered at TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) had its target price lowered by TD Cowen from $89.00 to $85.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s price target would suggest a potential upside of 7.60% from the company’s previous close.

A number of other equities research analysts have also recently commented on BUD. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Weiss Ratings lowered shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Morgan Stanley decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.83.

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Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock traded up $0.70 during mid-day trading on Tuesday, reaching $79.00. 1,071,914 shares of the company’s stock were exchanged, compared to its average volume of 2,114,227. The business’s fifty day simple moving average is $78.63 and its 200 day simple moving average is $78.81. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a one year low of $59.31 and a one year high of $86.60. The firm has a market capitalization of $159.51 billion, a PE ratio of 16.73, a P/E/G ratio of 1.11 and a beta of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%. The firm had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $16.23 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,724 shares of the consumer goods maker’s stock valued at $347,000 after buying an additional 354 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,249 shares of the consumer goods maker’s stock valued at $459,000 after buying an additional 886 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 13.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,923 shares of the consumer goods maker’s stock valued at $362,000 after buying an additional 600 shares in the last quarter. Persium Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 3.1% in the 3rd quarter. Persium Advisors LLC now owns 12,365 shares of the consumer goods maker’s stock valued at $908,000 after buying an additional 375 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Anheuser-Busch InBev SA/NV by 1.6% during the 3rd quarter. Versant Capital Management Inc now owns 9,988 shares of the consumer goods maker’s stock valued at $734,000 after acquiring an additional 155 shares during the period. 5.53% of the stock is currently owned by institutional investors.

About Anheuser-Busch InBev SA/NV

(Get Free Report)

Anheuser-Busch InBev SA/NV is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck’s, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.

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