Shares of Anheuser Busch Inbev NV (NYSE:BUD) have earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $124.43.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Anheuser Busch Inbev NV from a “strong sell” rating to a “hold” rating in a research report on Monday. Vetr lowered Anheuser Busch Inbev NV from a “buy” rating to a “hold” rating and set a $109.86 target price on the stock. in a research report on Tuesday, March 7th. Jefferies Group LLC set a $120.00 target price on Anheuser Busch Inbev NV and gave the stock a “buy” rating in a research report on Friday, March 3rd. Bank of America Corp lowered Anheuser Busch Inbev NV from a “buy” rating to a “neutral” rating and cut their target price for the stock from $120.00 to $115.00 in a research report on Thursday, March 2nd. Finally, HSBC Holdings plc lowered Anheuser Busch Inbev NV from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st.

COPYRIGHT VIOLATION WARNING: “Brokerages Set Anheuser Busch Inbev NV (BUD) Target Price at $124.43” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/brokerages-set-anheuser-busch-inbev-nv-bud-target-price-at-124-43/1206111.html.

Anheuser Busch Inbev NV (NYSE:BUD) traded down 0.78% during mid-day trading on Monday, hitting $109.09. The company had a trading volume of 1,731,087 shares. The company has a market capitalization of $210.95 billion and a P/E ratio of 154.30. The company has a 50-day moving average price of $109.70 and a 200 day moving average price of $109.85. Anheuser Busch Inbev NV has a 52-week low of $98.28 and a 52-week high of $136.08.

Anheuser Busch Inbev NV (NYSE:BUD) last issued its earnings results on Thursday, March 2nd. The consumer goods maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $1.03 by $0.60. The firm earned $14.20 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that Anheuser Busch Inbev NV will post $4.35 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which will be paid on Thursday, May 25th. Shareholders of record on Wednesday, May 3rd will be given a dividend of $2.12 per share. This represents a yield of 3.89%. The ex-dividend date of this dividend is Monday, May 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc raised its position in Anheuser Busch Inbev NV by 39.6% in the third quarter. K.J. Harrison & Partners Inc now owns 29,530 shares of the consumer goods maker’s stock valued at $3,881,000 after buying an additional 8,380 shares during the period. Caz Investments LP raised its position in Anheuser Busch Inbev NV by 0.3% in the third quarter. Caz Investments LP now owns 9,900 shares of the consumer goods maker’s stock valued at $1,301,000 after buying an additional 30 shares during the period. Commonwealth Equity Services Inc raised its position in Anheuser Busch Inbev NV by 11.6% in the third quarter. Commonwealth Equity Services Inc now owns 18,231 shares of the consumer goods maker’s stock valued at $2,396,000 after buying an additional 1,894 shares during the period. Proficio Capital Partners LLC raised its position in Anheuser Busch Inbev NV by 22.0% in the third quarter. Proficio Capital Partners LLC now owns 1,536 shares of the consumer goods maker’s stock valued at $202,000 after buying an additional 277 shares during the period. Finally, HL Financial Services LLC purchased a new position in Anheuser Busch Inbev NV during the third quarter valued at approximately $274,000.

Anheuser Busch Inbev NV Company Profile

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.

5 Day Chart for NYSE:BUD

Receive News & Ratings for Anheuser Busch Inbev NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev NV and related companies with Analyst Ratings Network's FREE daily email newsletter.