Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Raised to $85.00

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target raised by Wells Fargo & Company from $75.00 to $85.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the consumer goods maker’s stock.

BUD has been the topic of a number of other reports. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, January 27th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, January 6th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, December 11th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $77.35 on Monday. The company has a market capitalization of $151.03 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a twelve month low of $51.65 and a twelve month high of $77.56. The stock has a fifty day simple moving average of $67.14 and a 200 day simple moving average of $63.24.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

A number of large investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $1,135,000. Janney Montgomery Scott LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 17.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,672 shares of the consumer goods maker’s stock valued at $1,452,000 after buying an additional 3,430 shares during the period. Deutsche Bank AG bought a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $9,875,000. Everett Harris & Co. CA raised its stake in Anheuser-Busch InBev SA/NV by 3.8% during the 4th quarter. Everett Harris & Co. CA now owns 245,815 shares of the consumer goods maker’s stock worth $15,742,000 after buying an additional 8,917 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 13.4% in the fourth quarter. Cerity Partners LLC now owns 62,932 shares of the consumer goods maker’s stock worth $4,030,000 after acquiring an additional 7,453 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.