Anheuser-Busch InBev SA/NV (NYSE:BUD) Given New $85.00 Price Target at Wells Fargo & Company

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target boosted by Wells Fargo & Company from $75.00 to $85.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the consumer goods maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 12.18% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 28th. DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 7th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $75.77 on Monday. The business’s fifty day moving average is $66.26 and its 200 day moving average is $63.06. Anheuser-Busch InBev SA/NV has a fifty-two week low of $50.12 and a fifty-two week high of $76.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The company has a market capitalization of $147.95 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55.

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

Several large investors have recently modified their holdings of the business. MQS Management LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 51.2% during the 4th quarter. MQS Management LLC now owns 5,389 shares of the consumer goods maker’s stock worth $345,000 after purchasing an additional 1,826 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 14.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,954 shares of the consumer goods maker’s stock valued at $189,000 after buying an additional 380 shares during the last quarter. Principle Wealth Partners LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $201,000. Global Retirement Partners LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 210.6% in the 4th quarter. Global Retirement Partners LLC now owns 5,904 shares of the consumer goods maker’s stock valued at $378,000 after buying an additional 4,003 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $48,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.