Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) had its target price cut by Credit Suisse Group from €59.00 ($62.11) to €58.00 ($61.05) in a research report report published on Friday, The Fly reports.
Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Anheuser-Busch InBev SA/NV from €64.00 ($67.37) to €67.00 ($70.53) and gave the stock a buy rating in a research report on Friday. Barclays dropped their price target on shares of Anheuser-Busch InBev SA/NV from €83.00 ($87.37) to €72.00 ($75.79) in a research report on Thursday, April 21st. Royal Bank of Canada boosted their price target on shares of Anheuser-Busch InBev SA/NV from €60.00 ($63.16) to €65.00 ($68.42) and gave the stock an outperform rating in a research report on Monday, April 4th. Finally, StockNews.com initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, March 31st. They set a hold rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $68.08.
Anheuser-Busch InBev SA/NV stock traded down $2.08 during midday trading on Friday, reaching $55.00. 3,654,284 shares of the stock traded hands, compared to its average volume of 1,185,204. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 1.10. The firm has a fifty day moving average price of $58.64 and a two-hundred day moving average price of $60.16. The firm has a market cap of $108.90 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.60 and a beta of 1.38. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.65 and a fifty-two week high of $79.67.
The firm also recently announced an annual dividend, which will be paid on Thursday, June 2nd. Investors of record on Wednesday, May 4th will be issued a $0.407 dividend. The ex-dividend date is Tuesday, May 3rd. This represents a dividend yield of 0.7%. Anheuser-Busch InBev SA/NV’s payout ratio is currently 19.71%.
Several hedge funds have recently added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $910,682,000. The Manufacturers Life Insurance Company raised its holdings 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 valued at $628,168,000 after acquiring an additional 4,691,448 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 4.8% during the first quarter. Fisher Asset Management LLC now owns 8,687,033 shares of the consumer goods maker’s stock valued at $521,743,000 after acquiring an additional 398,027 shares during the period. Invesco Ltd. grew its position in Anheuser-Busch InBev SA/NV by 26.6% during the fourth quarter. Invesco Ltd. now owns 1,853,892 shares of the consumer goods maker’s stock valued at $112,253,000 after purchasing an additional 389,836 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its position in Anheuser-Busch InBev SA/NV by 9.3% during the third quarter. Clarkston Capital Partners LLC now owns 1,454,680 shares of the consumer goods maker’s stock valued at $82,015,000 after purchasing an additional 123,429 shares in the last quarter.
Anheuser-Busch InBev SA/NV Company Profile (Get Rating)
Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.
- Get a free copy of the StockNews.com research report on Anheuser-Busch InBev SA/NV (BUD)
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