Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Lowered to €58.00 at Credit Suisse Group

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.

Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last posted its earnings results on Thursday, May 5th. The consumer goods maker reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $13.24 billion during the quarter, compared to analyst estimates of $13.20 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.60% and a return on equity of 14.40%. Anheuser-Busch InBev SA/NV’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.19 earnings per share for the current year.

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.

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