Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives $64.00 Average Target Price from Analysts

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $64.00.

Separately, TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th.

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

A number of large investors have recently modified their holdings of the company. Holocene Advisors LP raised its holdings in shares of Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after acquiring an additional 803,257 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $37,311,000. Fisher Asset Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after purchasing an additional 587,329 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth $28,540,000. Finally, International Assets Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $154,640,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $51.02 on Friday. The firm’s fifty day simple moving average is $49.94 and its two-hundred day simple moving average is $57.35. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $91.68 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.