Anheuser-Busch InBev SA/NV (NYSE:BUD) Receives Average Recommendation of “Buy” from Brokerages

Anheuser-Busch InBev SA/NV (NYSE:BUD) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $64.00.

Separately, TD Cowen reduced their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock opened at $51.02 on Friday. The business has a 50 day moving average of $49.94 and a 200-day moving average of $57.35. The firm has a market cap of $91.68 billion, a PE ratio of 15.75, a P/E/G ratio of 1.64 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of institutional investors have recently added to or reduced their stakes in BUD. Holocene Advisors LP lifted its stake in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $37,311,000. Fisher Asset Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after buying an additional 587,329 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at $28,540,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $154,640,000. Hedge funds and other 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.