Deutsche Bank Aktiengesellschaft Raises Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target to €65.00

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.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, October 27th. The consumer goods maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.28. The firm had revenue of $14.27 billion during the quarter, compared to analysts’ expectations of $13.64 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.41% and a return on equity of 15.40%. Anheuser-Busch InBev SA/NV’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 2.81 earnings per share for the current fiscal year.

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.

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