Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Has Consensus Price Target of $91.08

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $88.83.

Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings cut 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. Wells Fargo & Company decreased their target price on Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Finally, Morgan Stanley cut their price target on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd.

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

Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its position in Anheuser-Busch InBev SA/NV by 1.6% in the 3rd quarter. Versant Capital Management Inc now owns 9,988 shares of the consumer goods maker’s stock valued at $734,000 after purchasing an additional 155 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 13.4% in the second quarter. QRG Capital Management Inc. now owns 99,913 shares of the consumer goods maker’s stock worth $8,233,000 after purchasing an additional 11,832 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 24.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,072 shares of the consumer goods maker’s stock worth $418,000 after purchasing an additional 997 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 36,875 shares of the consumer goods maker’s stock worth $3,038,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 8.4% during the second quarter. Tidal Investments LLC now owns 10,810 shares of the consumer goods maker’s stock worth $891,000 after purchasing an additional 839 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $75.73 on Wednesday. The business has a 50 day moving average price of $79.31 and a 200 day moving average price of $78.57. Anheuser-Busch InBev SA/NV has a twelve month low of $58.82 and a twelve month high of $86.60. The company has a market cap of $152.92 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.08 and a beta of 0.57. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its 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 net margin of 14.90% and a return on equity of 16.42%. The firm had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. During the same period in the prior year, the company earned $0.98 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current year.

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.