Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from €64.00 ($72.73) to €65.00 ($73.86) in a research report issued on Friday, The Fly reports.
A number of other research firms have also commented on BUD. Argus lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Thursday, September 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, November 30th. Barclays restated an “overweight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 29th. UBS Group reaffirmed a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, October 7th. Finally, Zacks Investment Research raised shares of Anheuser-Busch InBev SA/NV from a “sell” rating to a “hold” rating and set a $58.00 price objective on the stock in a research note on Thursday, December 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Hold” and a consensus target price of $69.53.
BUD stock traded up $1.47 during midday trading on Friday, hitting $67.81. The company’s stock had a trading volume of 118,345 shares, compared to its average volume of 1,375,716. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. Anheuser-Busch InBev SA/NV has a 52-week low of $54.08 and a 52-week high of $79.67. The firm has a market capitalization of $134.26 billion, a P/E ratio of 27.34, a PEG ratio of 1.93 and a beta of 1.57. The firm has a 50-day simple moving average of $59.85 and a 200-day simple moving average of $60.99.
Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Anheuser-Busch InBev SA/NV by 72.7% during the third quarter. The Manufacturers Life Insurance Company now owns 11,141,676 shares of the consumer goods maker’s stock worth $628,168,000 after acquiring an additional 4,691,448 shares during the last quarter. Capital International Investors boosted its stake in shares of Anheuser-Busch InBev SA/NV by 5.5% during the 2nd quarter. Capital International Investors now owns 12,752,865 shares of the consumer goods maker’s stock valued at $919,874,000 after buying an additional 659,126 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. grew its holdings in Anheuser-Busch InBev SA/NV by 48.4% during the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 1,266,913 shares of the consumer goods maker’s stock worth $72,552,000 after acquiring an additional 413,017 shares in the last quarter. Dynamo Administracao de Recursos Ltda. bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter valued at $20,341,000. Finally, Clearbridge Investments LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 4.6% during the second quarter. Clearbridge Investments LLC now owns 5,914,897 shares of the consumer goods maker’s stock worth $425,932,000 after purchasing an additional 261,308 shares during the period.
Anheuser-Busch InBev SA/NV Company Profile
Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.
Further Reading: Bear Market
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