Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Raised to €74.00

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) had its target price lifted by Deutsche Bank Aktiengesellschaft from €67.00 ($71.28) to €74.00 ($78.72) in a research report sent to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the consumer goods maker’s stock.

A number of other research analysts have also recently issued reports on the company. StockNews.com began coverage on Anheuser-Busch InBev SA/NV in a report on Thursday, March 31st. They set a hold rating for the company. Morgan Stanley cut their price objective on Anheuser-Busch InBev SA/NV from €55.00 ($58.51) to €54.00 ($57.45) and set an equal weight rating for the company in a report on Thursday, May 12th. Royal Bank of Canada lifted their price objective on Anheuser-Busch InBev SA/NV from €60.00 ($63.83) to €65.00 ($69.15) and gave the company an outperform rating in a report on Monday, April 4th. Barclays cut their price objective on Anheuser-Busch InBev SA/NV from €83.00 ($88.30) to €72.00 ($76.60) in a report on Thursday, April 21st. Finally, Credit Suisse Group cut their price target on Anheuser-Busch InBev SA/NV from €59.00 ($62.77) to €58.00 ($61.70) in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of Hold and an average target price of $67.33.

Shares of BUD stock opened at $56.65 on Wednesday. The stock has a market cap of $112.17 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.72 and a beta of 1.38. Anheuser-Busch InBev SA/NV has a one year low of $52.65 and a one year high of $79.67. The stock has a fifty day moving average price of $58.01 and a 200 day moving average price of $59.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.70 and a quick ratio of 0.54.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) last issued its earnings results on Thursday, May 5th. The consumer goods maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The firm had revenue of $13.24 billion during the quarter, compared to analysts’ expectations of $13.20 billion. Anheuser-Busch InBev SA/NV had a return on equity of 11.42% and a net margin of 7.55%. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.07 EPS for the current year.

The business also recently announced an annual dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Wednesday, May 4th will be given a dividend of $0.407 per share. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a dividend yield of 0.7%. Anheuser-Busch InBev SA/NV’s payout ratio is currently 19.71%.

Institutional investors have recently bought and sold shares of the company. GFS Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 24.7% during the 4th quarter. GFS Advisors LLC now owns 295,798 shares of the consumer goods maker’s stock worth $17,911,000 after buying an additional 58,605 shares during the period. Thomasville National Bank grew its position in shares of Anheuser-Busch InBev SA/NV by 6.4% during the 4th quarter. Thomasville National Bank now owns 199,984 shares of the consumer goods maker’s stock worth $12,109,000 after buying an additional 12,059 shares during the period. Pflug Koory LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 41.8% during the 4th quarter. Pflug Koory LLC now owns 678 shares of the consumer goods maker’s stock worth $41,000 after buying an additional 200 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $60,000. Finally, Cetera Advisor Networks LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 0.8% during the 3rd quarter. Cetera Advisor Networks LLC now owns 21,978 shares of the consumer goods maker’s stock worth $1,239,000 after buying an additional 185 shares during the period.

Anheuser-Busch InBev SA/NV Company Profile (Get Rating)

Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.

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