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

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) had its price objective dropped by equities research analysts at TD Cowen from $65.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the consumer goods maker's stock. TD Cowen's price objective suggests a potential upside of 12.24% from the company's current price.

Other research analysts have also issued reports about the stock. 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 raised 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 research report on Tuesday, September 10th. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $68.00.

Anheuser-Busch InBev SA/NV Stock Down 0.4 %

BUD stock traded down $0.22 during trading on Wednesday, reaching $49.00. 1,678,832 shares of the stock were exchanged, compared to its average volume of 2,221,401. The firm's 50 day moving average is $53.75 and its 200 day moving average is $59.30. The firm has a market cap of $88.06 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $48.55 and a twelve month high of $67.49.

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

Several hedge funds have recently modified their holdings of BUD. Charles Schwab Investment Management Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 37.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock worth $3,836,000 after buying an additional 15,837 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker's stock valued at $683,252,000 after acquiring an additional 587,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at about $1,865,000. Cerity Partners LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 61.9% during the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker's stock valued at $4,048,000 after acquiring an additional 23,348 shares during the period. Finally, Brophy Wealth Management LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $946,000. 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.