Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) Target Price at $91.08

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $91.0825.

Several research firms have commented on BUD. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. TD Cowen lifted their price target on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Barclays reaffirmed an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. Morgan Stanley reduced their price objective on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Finally, DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, May 21st.

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

A number of hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after buying an additional 368,721 shares in the last quarter. Morgan Stanley grew its holdings in Anheuser-Busch InBev SA/NV by 29.8% in the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock valued at $269,337,000 after buying an additional 966,378 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 1.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock valued at $256,792,000 after buying an additional 42,009 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Anheuser-Busch InBev SA/NV by 12.8% in the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock worth $224,786,000 after acquiring an additional 426,495 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $149,778,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $80.35 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. The company has a market cap of $162.25 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.60. Anheuser-Busch InBev SA/NV has a 52-week low of $57.79 and a 52-week high of $86.60. The firm’s fifty day simple moving average is $81.81 and its two-hundred day simple moving average is $77.89.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.