Anheuser-Busch InBev SA/NV (NYSE:BUD) Given New $55.00 Price Target at TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price trimmed by TD Cowen from $65.00 to $55.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the consumer goods maker’s stock.

A number of other research analysts have also weighed in on BUD. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Down 5.8 %

NYSE BUD opened at $46.19 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12 month low of $46.10 and a 12 month high of $67.49. The stock’s 50 day moving average is $53.00 and its 200 day moving average is $59.06. The stock has a market cap of $83.01 billion, a PE ratio of 14.26, a P/E/G ratio of 1.68 and a beta of 1.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth $27,000. First Personal Financial Services grew its position 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 worth $40,000 after buying an additional 205 shares in the last quarter. Mather Group LLC. increased its stake in shares of Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after buying an additional 316 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at $38,000. Institutional investors own 5.53% of the company’s stock.

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.