Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Cut to $55.00 by Analysts at TD Cowen

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target trimmed by TD Cowen from $65.00 to $55.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the consumer goods maker’s stock.

Several other research firms have also recently weighed in on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $68.00.

Anheuser-Busch InBev SA/NV Trading Down 0.4 %

NYSE BUD opened at $49.00 on Wednesday. Anheuser-Busch InBev SA/NV has a twelve month low of $48.55 and a twelve month high of $67.49. The business’s fifty day moving average is $53.47 and its 200 day moving average is $59.23. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $88.06 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

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

Several large investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Douglass Winthrop Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 2.9% during the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock worth $85,294,000 after purchasing an additional 35,757 shares during the period. Seafarer Capital Partners LLC increased its holdings in Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after purchasing an additional 107,000 shares in the last quarter. Finally, Armistice Capital LLC lifted its stake in Anheuser-Busch InBev SA/NV by 19.5% in the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after buying an additional 137,000 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

About Anheuser-Busch InBev SA/NV

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.