Wells Fargo & Company Initiates Coverage on Anheuser-Busch InBev SA/NV (NYSE:BUD)

Equities research analysts at Wells Fargo & Company assumed coverage on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $75.00 price target on the consumer goods maker’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 23.40% from the stock’s previous close.

BUD has been the subject of several other reports. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, October 30th. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Anheuser-Busch InBev SA/NV Trading Up 0.1%

NYSE BUD opened at $60.78 on Wednesday. The stock has a market cap of $118.68 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock has a 50 day simple moving average of $60.77 and a two-hundred day simple moving average of $64.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds have recently made changes to their positions in BUD. Dodge & Cox increased its position in Anheuser-Busch InBev SA/NV by 2.8% during the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after buying an additional 1,119,308 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 3.3% in the third quarter. Fisher Asset Management LLC now owns 11,011,683 shares of the consumer goods maker’s stock worth $656,406,000 after acquiring an additional 347,750 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Anheuser-Busch InBev SA/NV by 12.8% during the third quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock valued at $224,786,000 after acquiring an additional 426,495 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 7.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock valued at $171,767,000 after acquiring an additional 190,830 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 0.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker’s stock worth $92,235,000 after purchasing an additional 4,455 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

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.