Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price Target Lowered at Wells Fargo & Company

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target cut by Wells Fargo & Company from $97.00 to $88.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the consumer goods maker’s stock.

BUD has been the subject of several other reports. Weiss Ratings cut shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Finally, Morgan Stanley lowered their price target on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.83.

Anheuser-Busch InBev SA/NV Stock Up 1.8%

BUD stock opened at $74.73 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50. The stock has a market capitalization of $150.90 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.06 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a fifty-two week low of $58.44 and a fifty-two week high of $86.60. The business has a 50-day moving average of $79.46 and a 200-day moving average of $78.53.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its holdings in Anheuser-Busch InBev SA/NV by 1.6% during the third quarter. Versant Capital Management Inc now owns 9,988 shares of the consumer goods maker’s stock worth $734,000 after buying an additional 155 shares during the last quarter. QRG Capital Management Inc. raised its position in Anheuser-Busch InBev SA/NV by 13.4% during the second quarter. QRG Capital Management Inc. now owns 99,913 shares of the consumer goods maker’s stock worth $8,233,000 after acquiring an additional 11,832 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 24.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,072 shares of the consumer goods maker’s stock valued at $418,000 after acquiring an additional 997 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Anheuser-Busch InBev SA/NV by 8.1% in the second quarter. Sequoia Financial Advisors LLC now owns 36,875 shares of the consumer goods maker’s stock valued at $3,038,000 after acquiring an additional 2,773 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 8.4% in the 2nd quarter. Tidal Investments LLC now owns 10,810 shares of the consumer goods maker’s stock valued at $891,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck’s, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.