Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Cut to $68.50

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price reduced by research analysts at Morgan Stanley from $70.00 to $68.50 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the consumer goods maker’s stock. Morgan Stanley’s target price suggests a potential upside of 14.06% from the company’s current price.

BUD has been the subject of several other research reports. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Trading Up 2.4 %

Shares of NYSE BUD opened at $60.06 on Tuesday. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.49. The firm has a market cap of $107.93 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The business has a fifty day simple moving average of $61.83 and a two-hundred day simple moving average of $62.05. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.01% and a net margin of 8.03%. The firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Several institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at $26,000. Naples Money Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $30,000. Russell Investments Group Ltd. boosted its holdings in Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after acquiring an additional 346 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $57,000. Finally, Janiczek Wealth Management LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 111.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock worth $57,000 after acquiring an additional 464 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Company Profile

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.