Anheuser-Busch InBev SA/NV (NYSE:BUD) Given New $89.00 Price Target at TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target raised by investment analysts at TD Cowen from $85.00 to $89.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s price objective points to a potential upside of 4.79% from the company’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Finally, Wells Fargo & Company upped their price objective on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average price target of $91.94.

Anheuser-Busch InBev SA/NV Trading Up 1.0%

BUD traded up $0.85 on Friday, reaching $84.94. 3,339,077 shares of the company traded hands, compared to its average volume of 2,117,722. The company 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 quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $85.56. The firm has a fifty day simple moving average of $79.56 and a two-hundred day simple moving average of $73.77.

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BUD. Bogart Wealth LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 3,800.0% during the fourth quarter. Bogart Wealth LLC now owns 390 shares of the consumer goods maker’s stock valued at $25,000 after buying an additional 380 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $26,000. GHP Investment Advisors Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $32,000. Parkside Financial Bank & Trust raised its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock worth $32,000 after acquiring an additional 220 shares in the last quarter. Finally, First Horizon Corp lifted its position in Anheuser-Busch InBev SA/NV by 84.6% during the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.