TD Cowen Issues Pessimistic Forecast for Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target lowered by research analysts at TD Cowen from $65.00 to $55.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s price objective indicates a potential upside of 12.24% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their target price on 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. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $68.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $49.00 on Wednesday. Anheuser-Busch InBev SA/NV has a twelve month low of $48.55 and a twelve month high of $67.49. The firm has a market capitalization of $88.06 billion, a PE ratio of 15.12, a PEG ratio of 1.68 and a beta of 1.09. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $53.26 and its 200 day moving average price is $59.16.

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

Hedge funds have recently modified their holdings of the business. Holocene Advisors LP raised its holdings in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after buying an additional 803,257 shares during the period. Fisher Asset Management LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares during the period. Renaissance Technologies LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after acquiring an additional 522,575 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $154,640,000. Finally, GFS Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 56,727.5% in the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after purchasing an additional 195,710 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

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.