Anheuser Busch Inbev (BUD) Price Target Lowered to $98.72 at JPMorgan Chase & Co.

Anheuser Busch Inbev (NYSE:BUD) had its price objective trimmed by JPMorgan Chase & Co. from $106.68 to $98.72 in a research note released on Thursday. The firm currently has an underweight rating on the consumer goods maker’s stock.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a strong sell rating to a hold rating in a research report on Friday, January 12th. Jefferies Group set a $134.00 price target on shares of Anheuser Busch Inbev and gave the stock a buy rating in a research report on Thursday, January 11th. Deutsche Bank upgraded shares of Anheuser Busch Inbev from a hold rating to a buy rating in a research report on Wednesday, January 17th. Susquehanna Bancshares set a $132.00 price target on shares of Anheuser Busch Inbev and gave the stock a hold rating in a research report on Thursday, November 30th. Finally, Societe Generale downgraded shares of Anheuser Busch Inbev from a hold rating to a sell rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $123.05.

Anheuser Busch Inbev (NYSE:BUD) opened at $106.12 on Thursday. The stock has a market cap of $180,420.00, a PE ratio of 40.35, a P/E/G ratio of 1.32 and a beta of 1.03. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev has a 52-week low of $101.21 and a 52-week high of $126.50.

A number of institutional investors have recently added to or reduced their stakes in BUD. Dimensional Fund Advisors LP lifted its position in Anheuser Busch Inbev by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 146,506 shares of the consumer goods maker’s stock valued at $16,168,000 after purchasing an additional 27,121 shares during the period. Advisory Services Network LLC lifted its position in Anheuser Busch Inbev by 0.3% during the 2nd quarter. Advisory Services Network LLC now owns 4,632 shares of the consumer goods maker’s stock valued at $511,000 after purchasing an additional 16 shares during the period. Cetera Investment Advisers acquired a new position in Anheuser Busch Inbev during the 2nd quarter valued at about $207,000. Griffin Asset Management Inc. acquired a new position in Anheuser Busch Inbev during the 2nd quarter valued at about $360,000. Finally, Hikari Tsushin Inc. acquired a new position in Anheuser Busch Inbev during the 2nd quarter valued at about $839,000. Institutional investors own 5.68% of the company’s stock.

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About Anheuser Busch Inbev

Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

Analyst Recommendations for Anheuser Busch Inbev (NYSE:BUD)

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