TD Cowen Issues Pessimistic Forecast for Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price

Key Points

• TD Cowen cut Anheuser-Busch InBev’s price target from $89 to $85 and maintained a “hold” rating, implying 7.6% upside from the prior close.
• Despite the cautious outlook, analyst sentiment remains positive overall: BUD has 12 Buy ratings and four Holds, with a consensus rating of “Moderate Buy” and an average price target of $87.83.
• BUD shares rose 0.9% to $79, while the company’s latest quarterly results exceeded expectations, with EPS of $1.21 and revenue of $16.66 billion, up 11% year over year.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) had its price target decreased by TD Cowen from $89.00 to $85.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "hold" rating on the consumer goods maker's stock. TD Cowen's price objective would suggest a potential upside of 7.60% from the stock's previous close.

Several other research analysts also recently weighed in on BUD. Morgan Stanley lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. UBS Group reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Wells Fargo & Company decreased their target price on shares of Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Moderate Buy" and an average price target of $87.83.

Anheuser-Busch InBev SA/NV Stock Up 0.9%

Shares of NYSE BUD traded up $0.70 during midday trading on Tuesday, hitting $79.00. 1,071,914 shares of the stock traded hands, compared to its average volume of 2,114,227. The company has a market cap of $159.51 billion, a PE ratio of 16.73, a P/E/G ratio of 1.11 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a one year low of $59.31 and a one year high of $86.60. The business has a 50 day moving average price of $78.63 and a two-hundred day moving average price of $78.81. 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 (NYSE:BUD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $16.66 billion for the quarter, compared to analysts' expectations of $16.23 billion. During the same period last year, the business earned $0.98 EPS. Anheuser-Busch InBev SA/NV's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

A number of hedge funds have recently bought and sold shares of BUD. Wellington Management Group LLP raised its holdings in shares of 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 valued at $262,876,000 after purchasing an additional 3,160,049 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in 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 worth $56,250,000 after purchasing an additional 318,600 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 7,474.5% during the second quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker's stock worth $43,066,000 after purchasing an additional 515,743 shares during the last quarter. First Trust Advisors LP grew its position in Anheuser-Busch InBev SA/NV by 5.1% in the 1st quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker's stock worth $41,722,000 after purchasing an additional 29,124 shares in the last quarter. Finally, Cook & Bynum Capital Management LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $33,282,514. 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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