Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Raised to $73.00 at Morgan Stanley

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price objective increased by Morgan Stanley from $68.50 to $73.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the consumer goods maker’s stock.

Separately, 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of Moderate Buy and an average target price of $73.25.

Anheuser-Busch InBev SA/NV Trading Up 0.8 %

Shares of BUD opened at $64.18 on Tuesday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49. The company has a market capitalization of $115.34 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The stock has a fifty day moving average of $61.01 and a two-hundred day moving average of $61.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in Anheuser-Busch InBev SA/NV by 116.5% during the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after buying an additional 346 shares during the period. Aveo Capital Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 10.6% during the 4th quarter. Aveo Capital Partners LLC now owns 5,549 shares of the consumer goods maker’s stock worth $359,000 after purchasing an additional 532 shares during the period. M&T Bank Corp increased its holdings in Anheuser-Busch InBev SA/NV by 27.2% in the 4th quarter. M&T Bank Corp now owns 6,060 shares of the consumer goods maker’s stock valued at $391,000 after purchasing an additional 1,294 shares in the last quarter. Private Advisor Group LLC raised its position in Anheuser-Busch InBev SA/NV by 12.4% in the fourth quarter. Private Advisor Group LLC now owns 9,851 shares of the consumer goods maker’s stock valued at $637,000 after purchasing an additional 1,088 shares during the period. Finally, Lincoln National Corp acquired a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $261,000. Hedge funds and other 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.