TD Cowen Issues Pessimistic Forecast for Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Price

Anheuser-Busch InBev SA/NV (NYSE:BUD) had its price target lowered by stock analysts at TD Cowen from $65.00 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the consumer goods maker’s stock. TD Cowen’s target price points to a potential upside of 12.24% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley upped their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and an average target price of $68.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $49.00 on Wednesday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $48.55 and a fifty-two week high of $67.49. The company has a market cap of $88.06 billion, a PE ratio of 15.12, a P/E/G ratio of 1.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The business has a 50-day simple moving average of $53.26 and a two-hundred day simple moving average of $59.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Holocene Advisors LP lifted its holdings in Anheuser-Busch InBev SA/NV by 22.8% during the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after purchasing an additional 587,329 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after buying an additional 522,575 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $154,640,000. Finally, GFS Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 56,727.5% during the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock worth $12,996,000 after buying an additional 195,710 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Company Profile

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.