Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives $78.50 Consensus Target Price from Analysts

Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) have earned a consensus rating of “Hold” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $78.89.

Several equities research analysts recently weighed in on BUD shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, October 6th. Redburn Partners raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and increased their price target for the stock from $54.08 to $79.67 in a report on Friday, November 19th. Argus cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Thursday, September 30th. Finally, UBS Group reiterated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 7th.

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in shares of Anheuser-Busch InBev SA/NV by 72.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,141,676 shares of the consumer goods maker’s stock valued at $628,168,000 after buying an additional 4,691,448 shares during the period. Capital International Investors increased its holdings in Anheuser-Busch InBev SA/NV by 5.5% during the 2nd quarter. Capital International Investors now owns 12,752,865 shares of the consumer goods maker’s stock worth $919,874,000 after purchasing an additional 659,126 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 48.4% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 1,266,913 shares of the consumer goods maker’s stock valued at $72,552,000 after acquiring an additional 413,017 shares during the last quarter. Fisher Asset Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 4.5% during the 2nd quarter. Fisher Asset Management LLC now owns 8,465,446 shares of the consumer goods maker’s stock valued at $609,597,000 after purchasing an additional 361,739 shares during the period. Finally, Dynamo Administracao de Recursos Ltda. acquired a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $20,341,000.

Shares of BUD stock traded down $0.20 during trading hours on Friday, hitting $58.70. The stock had a trading volume of 1,378,183 shares, compared to its average volume of 1,665,359. The firm has a market capitalization of $116.23 billion, a PE ratio of 23.67, a PEG ratio of 2.14 and a beta of 1.53. Anheuser-Busch InBev SA/NV has a twelve month low of $54.08 and a twelve month high of $79.67. The stock’s 50 day moving average is $57.93 and its 200 day moving average is $65.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, October 27th. The consumer goods maker reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.28. Anheuser-Busch InBev SA/NV had a return on equity of 15.40% and a net margin of 9.41%. The firm had revenue of $14.27 billion during the quarter, compared to the consensus estimate of $13.64 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 2.8 earnings per share for the current year.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.

Read More: Cost of Goods Sold (COGS)

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

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