Morgan Stanley Increases Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target to $73.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price objective raised by investment analysts at Morgan Stanley from $68.50 to $73.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the consumer goods maker’s stock. Morgan Stanley’s target price indicates a potential upside of 14.65% from the stock’s previous close.

Separately, UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $63.67 on Tuesday. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. The firm has a market cap of $114.43 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.79 and a beta of 1.09. The firm’s 50-day simple moving average is $60.90 and its 200 day simple moving average is $61.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The business had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same period last year, the firm earned $0.72 earnings per share. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Blue Trust Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares during the last quarter. Addison Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $35,000. Finally, Valley Wealth Managers Inc. bought a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $38,000. Institutional investors own 5.53% of the company’s stock.

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.