Analysts Set Anheuser-Busch InBev SA/NV (NYSE:BUD) PT at $91.08

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $91.0825.

A number of research firms recently issued reports on BUD. Weiss Ratings downgraded shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. TD Cowen upped their target price on shares of Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th.

Anheuser-Busch InBev SA/NV Trading Down 2.2%

Shares of Anheuser-Busch InBev SA/NV stock opened at $77.97 on Friday. Anheuser-Busch InBev SA/NV has a twelve month low of $57.79 and a twelve month high of $86.60. 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 business has a 50-day moving average price of $80.72 and a 200-day moving average price of $78.38. The firm has a market cap of $157.45 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.14 and a beta of 0.59.

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 analysts’ consensus estimates 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 company had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.41 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently modified their holdings of BUD. Fisher Asset Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 3.3% during the 4th 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. Dimensional Fund Advisors LP raised its holdings in shares of Anheuser-Busch InBev SA/NV by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 121,435 shares of the consumer goods maker’s stock valued at $8,424,000 after acquiring an additional 13,877 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Anheuser-Busch InBev SA/NV by 64.7% in the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after acquiring an additional 318,600 shares during the period. Cook & Bynum Capital Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the second quarter worth about $33,282,514. Finally, First Trust Advisors LP grew its holdings in Anheuser-Busch InBev SA/NV by 5.1% during the 1st quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker’s stock worth $41,722,000 after acquiring an additional 29,124 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.