Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price Expected to Rise, TD Cowen Analyst Says

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target boosted by stock analysts at TD Cowen from $85.00 to $89.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s target price would indicate a potential upside of 4.79% from the company’s current price.

BUD has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, June 1st. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, June 10th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

Anheuser-Busch InBev SA/NV Stock Up 1.0%

BUD stock traded up $0.85 on Friday, hitting $84.94. 3,339,077 shares of the company’s stock were exchanged, compared to its average volume of 2,117,722. The firm has a 50 day moving average price of $79.56 and a two-hundred day moving average price of $73.77. Anheuser-Busch InBev SA/NV has a 12-month low of $56.97 and a 12-month high of $85.56. The stock has a market cap of $165.67 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The company had revenue of $15.27 billion during the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several large investors have recently made changes to their positions in BUD. Fisher Asset Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after acquiring an additional 368,721 shares during the period. Morgan Stanley grew its position in Anheuser-Busch InBev SA/NV by 29.8% during the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after purchasing an additional 966,378 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock valued at $256,792,000 after buying an additional 42,009 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Anheuser-Busch InBev SA/NV by 12.8% during the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock valued at $224,786,000 after buying an additional 426,495 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $149,778,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.