Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) PT at $79.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $79.00.

A number of research firms have recently weighed in on BUD. Morgan Stanley increased their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

A number of hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC raised its position in 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 purchasing an additional 168 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 15.1% during the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after acquiring an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position 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 acquiring an additional 185 shares in the last quarter. Lake Street Advisors Group LLC raised 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 acquiring an additional 186 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 20.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock worth $67,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $59.35 on Wednesday. The stock has a market cap of $106.66 billion, a PE ratio of 20.19, a P/E/G ratio of 1.73 and a beta of 1.10. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $57.09 and a twelve month high of $67.49. The stock has a fifty day simple moving average of $63.94 and a 200-day simple moving average of $62.10.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, October 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. The business had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $15.65 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.4 earnings per share for the current year.

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.