Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Cut to $68.50 by Analysts at Morgan Stanley

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price objective decreased by Morgan Stanley from $70.00 to $68.50 in a report issued on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the consumer goods maker’s stock.

Other research analysts also recently issued research reports about the stock. TD Cowen lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an outperform rating on the stock in a report on Tuesday, March 5th. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a report on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $72.13.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $58.66 on Tuesday. The company’s 50-day moving average price is $61.86 and its two-hundred day moving average price is $62.08. Anheuser-Busch InBev SA/NV has a 12 month low of $51.66 and a 12 month high of $67.49. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The firm has a market cap of $105.42 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.36 and a beta of 1.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The firm had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.42 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 6th were given a dividend of $0.8722 per share. The ex-dividend date was Friday, May 3rd. This represents a yield of 1.1%. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 27.31%.

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

Several institutional investors have recently added to or reduced their stakes in BUD. LPL Financial LLC grew its position in Anheuser-Busch InBev SA/NV by 8.4% during the third quarter. LPL Financial LLC now owns 136,140 shares of the consumer goods maker’s stock valued at $7,528,000 after buying an additional 10,566 shares during the period. Northern Trust Corp boosted its position in Anheuser-Busch InBev SA/NV by 12.4% during the third quarter. Northern Trust Corp now owns 582,202 shares of the consumer goods maker’s stock worth $32,196,000 after purchasing an additional 64,234 shares during the period. Tower Research Capital LLC TRC boosted its position in Anheuser-Busch InBev SA/NV by 727.5% during the third quarter. Tower Research Capital LLC TRC now owns 7,464 shares of the consumer goods maker’s stock worth $413,000 after purchasing an additional 6,562 shares during the period. Evergreen Capital Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 41.7% during the third quarter. Evergreen Capital Management LLC now owns 6,966 shares of the consumer goods maker’s stock worth $385,000 after purchasing an additional 2,050 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its position in Anheuser-Busch InBev SA/NV by 52.2% during the third quarter. Laurel Wealth Advisors LLC now owns 2,333 shares of the consumer goods maker’s stock worth $129,000 after purchasing an additional 800 shares during the period. Institutional investors own 5.53% of the company’s stock.

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.