Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo cut Anheuser-Busch InBev’s price target from $97 to $88 while maintaining an “overweight” rating, implying about 19.9% upside from the stock’s $73.40 price.
• Analyst sentiment remains positive overall: 12 analysts rate BUD a Buy and five rate it a Hold, producing a “Moderate Buy” consensus rating and an average target of $88.83.
• Anheuser-Busch InBev exceeded quarterly expectations, reporting $1.21 in earnings per share versus the $1.09 consensus and $16.66 billion in revenue, up 11% year over year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) had its target price decreased by Wells Fargo & Company from $97.00 to $88.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the consumer goods maker's stock. Wells Fargo & Company's target price suggests a potential upside of 19.90% from the stock's current price.

BUD has been the topic of a number of other reports. TD Cowen raised their price objective on Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the company a "hold" rating in a report on Friday, June 26th. Morgan Stanley cut their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Bank of America reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Finally, Barclays reaffirmed a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 29th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of "Moderate Buy" and a consensus target price of $88.83.

Anheuser-Busch InBev SA/NV Stock Down 0.0%

Shares of NYSE:BUD opened at $73.40 on Monday. The firm has a market capitalization of $148.21 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. Anheuser-Busch InBev SA/NV has a 52-week low of $58.44 and a 52-week high of $86.60. The firm has a fifty day moving average of $79.58 and a 200 day moving average of $78.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The business had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BUD. Wellington Management Group LLP boosted its holdings in 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 in the last quarter. NewEdge Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 7,474.5% during the 2nd quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker's stock valued at $43,066,000 after purchasing an additional 515,743 shares in the last quarter. Cook & Bynum Capital Management LLC purchased a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $33,282,514. Renaissance Technologies LLC lifted its holdings 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 valued at $56,250,000 after purchasing an additional 318,600 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Anheuser-Busch InBev SA/NV by 24.0% during the first quarter. Sei Investments Co. now owns 370,795 shares of the consumer goods maker's stock valued at $25,723,000 after buying an additional 71,779 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck's, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.

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