Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Raised to $85.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target boosted by Wells Fargo & Company from $75.00 to $85.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the consumer goods maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 12.18% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, December 29th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, November 7th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, January 27th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.00.

Anheuser-Busch InBev SA/NV Stock Up 1.0%

Shares of BUD stock opened at $75.77 on Monday. The stock’s fifty day moving average price is $66.26 and its 200 day moving average price is $63.06. Anheuser-Busch InBev SA/NV has a 1-year low of $50.12 and a 1-year high of $76.30. The company has a market cap of $147.95 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 52.9% in the 1st quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after purchasing an additional 3,127 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 7.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock valued at $546,000 after purchasing an additional 642 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after buying an additional 265,783 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Anheuser-Busch InBev SA/NV by 15.7% during the second quarter. Janney Montgomery Scott LLC now owns 16,888 shares of the consumer goods maker’s stock valued at $1,161,000 after buying an additional 2,291 shares during the period. Finally, Blue Trust Inc. grew its position in Anheuser-Busch InBev SA/NV by 26.4% during the second quarter. Blue Trust Inc. now owns 1,800 shares of the consumer goods maker’s stock valued at $124,000 after buying an additional 376 shares during the period. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.