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 cut by investment analysts at TD Cowen from $65.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s price target suggests a potential upside of 12.57% from the company’s current price.

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

Anheuser-Busch InBev SA/NV Stock Down 0.7 %

Shares of NYSE:BUD traded down $0.36 during midday trading on Wednesday, hitting $48.86. The stock had a trading volume of 806,369 shares, compared to its average volume of 2,036,968. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $53.75 and its 200-day simple moving average is $59.30. Anheuser-Busch InBev SA/NV has a 12 month low of $48.55 and a 12 month high of $67.49. The company has a market cap of $87.81 billion, a P/E ratio of 15.08, a PEG ratio of 1.68 and a beta of 1.09.

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. Central Pacific Bank Trust Division lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 27.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 13,150 shares of the consumer goods maker’s stock worth $658,000 after acquiring an additional 2,850 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 4.8% during the 3rd quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker’s stock valued at $1,237,000 after acquiring an additional 852 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $138,000. Anchor Investment Management LLC increased its position in Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock valued at $51,000 after acquiring an additional 422 shares during the period. Finally, Brophy Wealth Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $946,000. Institutional investors own 5.53% of the company’s stock.

About Anheuser-Busch InBev SA/NV

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.