Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target at $79.00

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $79.00.

Several equities research analysts have commented on BUD shares. Morgan Stanley upped their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, 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.

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

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in Anheuser-Busch InBev SA/NV by 56.1% during the first quarter. Russell Investments Group Ltd. now owns 1,004 shares of the consumer goods maker’s stock worth $61,000 after purchasing an additional 361 shares during the period. Janus Henderson Group PLC purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter valued at about $18,226,000. B. Riley Wealth Advisors Inc. increased its stake in Anheuser-Busch InBev SA/NV by 21.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,159 shares of the consumer goods maker’s stock worth $506,000 after acquiring an additional 1,612 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth about $304,000. Finally, Tidal Investments LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 10.8% in the 1st quarter. Tidal Investments LLC now owns 15,466 shares of the consumer goods maker’s stock valued at $940,000 after purchasing an additional 1,506 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $53.92 on Friday. Anheuser-Busch InBev SA/NV has a 1 year low of $53.67 and a 1 year high of $67.49. The company has a market cap of $96.91 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.75 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. The stock’s fifty day moving average price is $61.69 and its 200 day moving average price is $61.68.

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.