Anheuser-Busch InBev SA/NV (NYSE:BUD) Price Target Raised to $85.00 at Wells Fargo & Company

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its target price increased by Wells Fargo & Company from $75.00 to $85.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the consumer goods maker’s stock.

A number of other research firms have also recently commented on BUD. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, January 27th. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, January 6th. Finally, DZ Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $75.97 on Monday. The company has a 50-day simple moving average of $66.54 and a two-hundred day simple moving average of $63.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The firm has a market capitalization of $148.34 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. Anheuser-Busch InBev SA/NV has a one year low of $50.12 and a one year high of $76.30.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 52.9% during the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock valued at $556,000 after buying an additional 3,127 shares during the last quarter. NewEdge Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 7.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock valued at $546,000 after acquiring an additional 642 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after purchasing an additional 265,783 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Anheuser-Busch InBev SA/NV by 15.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,888 shares of the consumer goods maker’s stock valued at $1,161,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 26.4% in the 2nd quarter. Blue Trust Inc. now owns 1,800 shares of the consumer goods maker’s stock worth $124,000 after purchasing an additional 376 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.