Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) Target Price at $72.13

Anheuser-Busch InBev SA/NV (NYSE:BUD) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $72.13.

A number of brokerages recently weighed in on BUD. 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. Morgan Stanley lowered their target price on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd.

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

Institutional investors have recently added to or reduced their stakes in the stock. Naples Money Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $30,000. GPS Wealth Strategies Group LLC increased its position in 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. Blue Trust Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $60.65 on Friday. The company has a fifty day simple moving average of $60.26 and a 200-day simple moving average of $61.30. The firm has a market capitalization of $109.00 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.70 and a beta of 1.10. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 21.74% and a net margin of 9.89%. During the same period last year, the company earned $0.72 EPS. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.35 EPS for the current fiscal year.

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.