Anheuser-Busch InBev SA/NV (NYSE:BUD) Earns Overweight Rating from Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company initiated coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a report issued on Wednesday,Benzinga reports. The firm set an “overweight” rating and a $75.00 price target on the consumer goods maker’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 22.64% from the company’s current price.

Several other equities research analysts also recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 30th. Kepler Capital Markets downgraded shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, November 13th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $61.16 on Wednesday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The company’s fifty day simple moving average is $60.70 and its 200-day simple moving average is $64.43. The firm has a market cap of $119.42 billion, a PE ratio of 17.18, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same period last year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 494.7% in the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock valued at $27,000 after purchasing an additional 371 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth approximately $35,000. NewSquare Capital LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 602.7% during the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock worth $36,000 after purchasing an additional 452 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $34,000. 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 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.