Anheuser-Busch InBev SA/NV (NYSE:BUD) Downgraded by TD Cowen

TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) from a buy rating to a hold rating in a research report report published on Tuesday, Marketbeat.com reports. They currently have $88.00 price target on the consumer goods maker's stock, up from their prior price target of $68.00.

Several other brokerages have also weighed in on BUD. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a strong-buy rating in a research note on Monday, September 30th. Morgan Stanley increased their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an overweight rating in a research report on Tuesday, September 10th. Citigroup raised Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Tuesday, October 1st. Finally, UBS Group upgraded Anheuser-Busch InBev SA/NV from a neutral rating to a buy rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 1.2 %

Shares of BUD stock traded down $0.79 during trading on Tuesday, hitting $64.23. 864,626 shares of the stock traded hands, compared to its average volume of 1,628,709. Anheuser-Busch InBev SA/NV has a 52-week low of $51.97 and a 52-week high of $67.49. The firm has a market capitalization of $115.43 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The firm's fifty day moving average price is $62.67 and its 200-day moving average price is $61.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock worth $33,000 after acquiring an additional 378 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Addison Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $35,000. Finally, Mather Group LLC. grew its stake in Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock worth $43,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

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.