Anheuser-Busch InBev SA/NV (NYSE:BUD) Given New $55.00 Price Target at TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price trimmed by TD Cowen from $65.00 to $55.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the consumer goods maker’s stock.

Several other equities analysts also recently commented on BUD. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $68.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $49.00 on Wednesday. The company has a market capitalization of $88.06 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 52 week low of $48.55 and a 52 week high of $67.49. The company has a 50-day simple moving average of $53.47 and a 200 day simple moving average of $59.23.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth $38,000. First Personal Financial Services grew its position in Anheuser-Busch InBev SA/NV by 51.3% in the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares during the last quarter. Finally, Mather Group LLC. raised its stake in Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock worth $43,000 after acquiring an additional 316 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.