Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Has Consensus Target Price of $87.83

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $87.83.

A number of equities research analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $89.00 to $85.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 15th. Wells Fargo & Company cut their price objective on Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Bank of America reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BUD. Wellington Management Group LLP grew its stake in shares of Anheuser-Busch InBev SA/NV by 10,464.1% in the second quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock worth $262,876,000 after acquiring an additional 3,160,049 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 64.7% during the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after acquiring an additional 318,600 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 7,474.5% during the second quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker’s stock worth $43,066,000 after acquiring an additional 515,743 shares in the last quarter. First Trust Advisors LP increased its position in shares of Anheuser-Busch InBev SA/NV by 5.1% during the first quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker’s stock worth $41,722,000 after acquiring an additional 29,124 shares in the last quarter. Finally, Cook & Bynum Capital Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $33,282,514. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 0.7%

BUD stock opened at $81.38 on Friday. The firm’s 50-day moving average is $78.74 and its two-hundred day moving average is $77.53. The company has a market capitalization of $164.33 billion, a price-to-earnings ratio of 17.24 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a 52 week low of $59.64 and a 52 week high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The company had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Anheuser-Busch InBev SA/NV’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 4.39 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world’s largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium’s Interbrew and Brazil’s AmBev in 2004.