Analysts Set Anheuser-Busch InBev SA/NV (NYSE:BUD) PT at $79.00

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $79.00.

A number of brokerages have recently commented on BUD. Morgan Stanley lifted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st.

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

A number of institutional investors have recently made changes to their positions in the stock. First Personal Financial Services grew its holdings in shares of Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after purchasing an additional 205 shares during the last quarter. Assetmark Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 12.7% in the 3rd quarter. Assetmark Inc. now owns 43,218 shares of the consumer goods maker’s stock worth $2,865,000 after purchasing an additional 4,863 shares during the period. Hara Capital LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $72,000. Solitude Financial Services lifted its position in shares of Anheuser-Busch InBev SA/NV by 6.1% in the 3rd quarter. Solitude Financial Services now owns 10,880 shares of the consumer goods maker’s stock worth $721,000 after purchasing an additional 630 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 14.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,850 shares of the consumer goods maker’s stock worth $253,000 after purchasing an additional 475 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD opened at $59.30 on Wednesday. The company’s 50 day simple moving average is $63.94 and its 200 day simple moving average is $62.17. The stock has a market capitalization of $106.57 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a 1 year low of $57.09 and a 1 year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 11.47%. The firm had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same quarter last year, the business posted $0.72 earnings per share. As a group, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.4 EPS for the current fiscal year.

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.