JPMorgan Chase Trims Anheuser-Busch InBev (BUD) Target Price to $96.28

Anheuser-Busch InBev (NYSE:BUD) had its target price decreased by JPMorgan Chase from $102.48 to $96.28 in a report published on Wednesday. JPMorgan Chase currently has an underweight rating on the consumer goods maker’s stock.

Other research analysts have also issued reports about the stock. Jefferies Group set a $134.00 price target on shares of Anheuser-Busch InBev and gave the company a buy rating in a research note on Thursday, January 11th. Deutsche Bank raised shares of Anheuser-Busch InBev from a hold rating to a buy rating in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Anheuser-Busch InBev from a strong sell rating to a hold rating in a research note on Friday, January 12th. Susquehanna Bancshares set a $128.00 target price on shares of Anheuser-Busch InBev and gave the stock a hold rating in a research note on Tuesday, January 2nd. Finally, Societe Generale raised shares of Anheuser-Busch InBev from a sell rating to a hold rating in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $125.25.

Shares of Anheuser-Busch InBev stock opened at $104.80 on Wednesday. The stock has a market capitalization of $178,129.05, a P/E ratio of 25.94, a P/E/G ratio of 1.42 and a beta of 0.99. Anheuser-Busch InBev has a twelve month low of $101.21 and a twelve month high of $126.50. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.55 and a current ratio of 0.66.



Anheuser-Busch InBev (NYSE:BUD) last issued its quarterly earnings results on Thursday, March 1st. The consumer goods maker reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The firm had revenue of $14.60 billion for the quarter, compared to analyst estimates of $14.49 billion. Anheuser-Busch InBev had a net margin of 14.17% and a return on equity of 19.47%. Anheuser-Busch InBev’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. sell-side analysts forecast that Anheuser-Busch InBev will post 5.06 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CNB Bank purchased a new position in Anheuser-Busch InBev in the 4th quarter worth approximately $286,000. Stony Point Wealth Management Inc. purchased a new stake in shares of Anheuser-Busch InBev during the 4th quarter valued at approximately $213,000. Banco de Sabadell S.A purchased a new stake in shares of Anheuser-Busch InBev during the 4th quarter valued at approximately $682,000. Archford Capital Strategies LLC raised its position in shares of Anheuser-Busch InBev by 6.6% during the 4th quarter. Archford Capital Strategies LLC now owns 17,394 shares of the consumer goods maker’s stock valued at $1,941,000 after buying an additional 1,079 shares during the period. Finally, Fieldpoint Private Securities LLC raised its position in shares of Anheuser-Busch InBev by 28.6% during the 4th quarter. Fieldpoint Private Securities LLC now owns 3,061 shares of the consumer goods maker’s stock valued at $341,000 after buying an additional 681 shares during the period. 5.88% of the stock is currently owned by institutional investors and hedge funds.

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Anheuser-Busch InBev Company Profile

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.

Analyst Recommendations for Anheuser-Busch InBev (NYSE:BUD)

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