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 objective dropped by investment analysts at TD Cowen from $65.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s target price would indicate a potential upside of 12.57% from the company’s previous close.

BUD has been the topic of several other research reports. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley upped their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $68.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD traded down $0.36 during mid-day trading on Wednesday, reaching $48.86. 806,369 shares of the company’s stock traded hands, compared to its average volume of 2,036,968. Anheuser-Busch InBev SA/NV has a 12 month low of $48.55 and a 12 month high of $67.49. The stock has a market capitalization of $87.81 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The business’s 50-day moving average price is $53.75 and its 200-day moving average price is $59.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several large investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares during the last quarter. Holocene Advisors LP grew its holdings in Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after acquiring an additional 803,257 shares during the period. Douglass Winthrop Advisors LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after acquiring an additional 35,757 shares during the last quarter. Seafarer Capital Partners LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 11.2% in the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after purchasing an additional 107,000 shares during the period. Finally, Armistice Capital LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after purchasing an additional 137,000 shares during the last quarter. 5.53% of the stock is owned by 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.