Anheuser Busch Inbev (NYSE:BUD) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday. The brokerage presently has a $132.00 price objective on the consumer goods maker’s stock, up from their previous price objective of $115.19. Sanford C. Bernstein’s price objective indicates a potential upside of 14.59% from the stock’s current price.
Several other research analysts have also recently weighed in on BUD. Susquehanna Bancshares set a $132.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Anheuser Busch Inbev in a research report on Tuesday, December 5th. Zacks Investment Research cut shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Jefferies Group set a $134.00 target price on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Deutsche Bank upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Anheuser Busch Inbev has an average rating of “Hold” and a consensus price target of $126.02.
Anheuser Busch Inbev (BUD) opened at $115.19 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.66 and a debt-to-equity ratio of 1.36. Anheuser Busch Inbev has a 1 year low of $101.21 and a 1 year high of $126.50. The firm has a market cap of $195,044.55, a P/E ratio of 28.44, a P/E/G ratio of 1.56 and a beta of 1.06.
Several institutional investors and hedge funds have recently made changes to their positions in the company. CNB Bank acquired a new stake in shares of Anheuser Busch Inbev during the 4th quarter worth approximately $286,000. Stony Point Wealth Management Inc. acquired a new stake in Anheuser Busch Inbev in the fourth quarter valued at approximately $213,000. Banco de Sabadell S.A bought a new position in shares of Anheuser Busch Inbev during the fourth quarter valued at $682,000. Archford Capital Strategies LLC raised its stake in shares of Anheuser Busch Inbev by 6.6% during the fourth quarter. Archford Capital Strategies LLC now owns 17,394 shares of the consumer goods maker’s stock valued at $1,941,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Fieldpoint Private Securities LLC raised its stake in shares of Anheuser Busch Inbev by 28.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 3,061 shares of the consumer goods maker’s stock valued at $341,000 after acquiring an additional 681 shares during the last quarter. 5.87% of the stock is currently owned by institutional investors.
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About Anheuser Busch Inbev
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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