Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Gets Price Target Trim from TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target trimmed by TD Cowen from $89.00 to $85.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the consumer goods maker’s stock.

Several other research firms have also issued reports on BUD. Bank of America reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Weiss Ratings lowered shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Barclays reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 29th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $87.83.

Anheuser-Busch InBev SA/NV Trading Up 2.3%

Shares of BUD opened at $81.35 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The stock has a market cap of $164.26 billion, a PE ratio of 19.30, a PEG ratio of 1.14 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a 1 year low of $59.64 and a 1 year high of $86.60. The stock has a 50 day simple moving average of $78.35 and a 200-day simple moving average of $79.06.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 4.39 EPS for the current fiscal year.

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

A number of large investors have recently bought and sold shares of BUD. CoreCap Advisors LLC raised its position in Anheuser-Busch InBev SA/NV by 32.8% in the 2nd quarter. CoreCap Advisors LLC now owns 595 shares of the consumer goods maker’s stock valued at $49,000 after purchasing an additional 147 shares during the last quarter. Persium Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 1.4% in the first quarter. Persium Advisors LLC now owns 10,890 shares of the consumer goods maker’s stock worth $755,000 after purchasing an additional 152 shares in the last quarter. Versant Capital Management Inc boosted its stake in Anheuser-Busch InBev SA/NV by 1.6% in the third quarter. Versant Capital Management Inc now owns 9,988 shares of the consumer goods maker’s stock worth $734,000 after purchasing an additional 155 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Anheuser-Busch InBev SA/NV by 19.0% during the first quarter. Fifth Third Bancorp now owns 1,029 shares of the consumer goods maker’s stock worth $71,000 after purchasing an additional 164 shares during the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 3.6% during the second quarter. PFG Private Wealth Management LLC now owns 4,844 shares of the consumer goods maker’s stock worth $399,000 after purchasing an additional 167 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck’s, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.