Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Has Average Target Price of $87.83

Key Points

• Analysts maintain a “Moderate Buy” consensus on Anheuser-Busch InBev, with 12 buy ratings and four holds among 16 brokerages. The average 12-month price target is $87.83, modestly above the $84.18 share price.
• Institutional investors increased their holdings, including Wellington Management, which raised its position by more than 10,000%. Institutions and hedge funds collectively own 5.53% of the stock.
• AB InBev exceeded quarterly expectations, reporting $1.21 in EPS versus the $1.09 estimate and $16.66 billion in revenue versus $16.23 billion expected. Revenue increased 11% year over year.

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $87.83.

Several equities analysts have issued reports on BUD shares. Sanford C. Bernstein reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Bank of America reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Weiss Ratings restated a "hold (c)" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, October 15th. JPMorgan Chase & Co. restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Finally, Wells Fargo & Company cut their price objective on shares of Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th.

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

Several institutional investors have recently bought and sold shares of BUD. Wellington Management Group LLP increased its position in shares of Anheuser-Busch InBev SA/NV by 10,464.1% during 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 purchasing an additional 3,160,049 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 64.7% in the 1st 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 in the last quarter. First Trust Advisors LP boosted its position in shares of 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. NewEdge Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 7,474.5% in the 2nd 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 in the last quarter. Finally, Cook & Bynum Capital Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth $33,282,514. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 1.5%

BUD opened at $84.18 on Friday. The firm has a market cap of $169.99 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.21 and a beta of 0.57. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a 12 month low of $59.64 and a 12 month high of $86.60. The stock has a fifty day moving average price of $78.62 and a 200-day moving average price of $79.55.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share 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 firm had revenue of $16.66 billion during the quarter, compared to analysts' expectations of $16.23 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.39 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world's largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium's Interbrew and Brazil's AmBev in 2004.

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