Brokerages Set Anheuser-Busch InBev SA/NV (NYSE:BUD) PT at $64.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $64.00.

Several equities analysts have recently issued reports on BUD shares. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. First Personal Financial Services boosted its position in shares of Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after purchasing an additional 205 shares during the period. Mather Group LLC. grew its stake in Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock worth $43,000 after buying an additional 316 shares during the last quarter. Finally, Anchor Investment Management LLC increased its position in Anheuser-Busch InBev SA/NV by 120.6% during the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 1.8 %

NYSE:BUD opened at $47.99 on Monday. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The firm has a market cap of $86.25 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.09. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $52.08 and a 200 day moving average price of $58.71.

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.