Anheuser-Busch InBev SA/NV (NYSE:BUD) Given New €74.00 Price Target at Deutsche Bank Aktiengesellschaft

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) had its price objective upped by Deutsche Bank Aktiengesellschaft from €73.00 ($74.49) to €74.00 ($75.51) in a report released on Tuesday, The Fly reports.

Other analysts have also issued research reports about the stock. Morgan Stanley cut their target price on shares of Anheuser-Busch InBev SA/NV from €54.00 ($55.10) to €52.00 ($53.06) in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reduced their price objective on Anheuser-Busch InBev SA/NV from €55.00 ($56.12) to €50.00 ($51.02) in a research report on Tuesday, July 5th. Royal Bank of Canada dropped their target price on Anheuser-Busch InBev SA/NV from €65.00 ($66.33) to €64.00 ($65.31) in a research report on Monday, August 1st. HSBC upgraded Anheuser-Busch InBev SA/NV from a hold rating to a buy rating in a report on Tuesday, September 6th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research note on Tuesday, July 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $65.28.

Anheuser-Busch InBev SA/NV Stock Down 4.0 %

BUD stock opened at $49.58 on Tuesday. The stock has a market capitalization of $98.17 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $52.71 and a 200-day moving average price of $55.35. Anheuser-Busch InBev SA/NV has a 12 month low of $47.23 and a 12 month high of $67.91.

Hedge Funds Weigh In On Anheuser-Busch InBev SA/NV

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox lifted its stake in shares of Anheuser-Busch InBev SA/NV by 13.7% in the 2nd quarter. Dodge & Cox now owns 23,838,936 shares of the consumer goods maker’s stock valued at $1,286,111,000 after purchasing an additional 2,865,804 shares during the period. Fisher Asset Management LLC increased its holdings in Anheuser-Busch InBev SA/NV by 4.8% in the first quarter. Fisher Asset Management LLC now owns 8,687,033 shares of the consumer goods maker’s stock worth $521,743,000 after purchasing an additional 398,027 shares in the last quarter. Capital International Investors lifted its stake in Anheuser-Busch InBev SA/NV by 3.6% in the first quarter. Capital International Investors now owns 7,344,543 shares of the consumer goods maker’s stock valued at $444,214,000 after buying an additional 252,914 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in Anheuser-Busch InBev SA/NV by 7.8% in the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 4,025,638 shares of the consumer goods maker’s stock valued at $217,183,000 after buying an additional 292,636 shares during the period. Finally, Dynamo Administracao de Recursos Ltda. grew its position in shares of Anheuser-Busch InBev SA/NV by 564.5% during the 1st quarter. Dynamo Administracao de Recursos Ltda. now owns 2,394,732 shares of the consumer goods maker’s stock worth $143,828,000 after buying an additional 2,034,332 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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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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