Anheuser Busch Inbev (NYSE:BUD) was upgraded by Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a $132.00 price target on the consumer goods maker’s stock, up from their previous price target of $115.19. Sanford C. Bernstein’s price objective would indicate a potential upside of 13.43% from the company’s previous close.
A number of other brokerages have also weighed in on BUD. JPMorgan Chase & Co. reduced their price objective on Anheuser Busch Inbev from $106.68 to $98.72 and set an “underweight” rating on the stock in a research report on Thursday, February 15th. UBS Group upgraded Anheuser Busch Inbev from a “neutral” rating to a “positive” rating in a research report on Wednesday, February 28th. Jefferies Group set a $134.00 price objective on Anheuser Busch Inbev and gave the stock a “buy” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $132.00 price objective on Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.02.
Shares of Anheuser Busch Inbev (NYSE:BUD) opened at $116.37 on Monday. The firm has a market capitalization of $195,044.55, a price-to-earnings ratio of 28.44, a P/E/G ratio of 1.56 and a beta of 1.06. Anheuser Busch Inbev has a 52-week low of $101.21 and a 52-week high of $126.50. The company has a current ratio of 0.66, a quick ratio of 0.55 and a debt-to-equity ratio of 1.36.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. CNB Bank acquired a new position in Anheuser Busch Inbev during the 4th quarter worth about $286,000. Stony Point Wealth Management Inc. acquired a new position in Anheuser Busch Inbev during the 4th quarter worth about $213,000. Banco de Sabadell S.A acquired a new position in Anheuser Busch Inbev during the 4th quarter worth about $682,000. Archford Capital Strategies LLC lifted its holdings in Anheuser Busch Inbev by 6.6% during the 4th quarter. Archford Capital Strategies LLC now owns 17,394 shares of the consumer goods maker’s stock worth $1,941,000 after buying an additional 1,079 shares during the period. Finally, Fieldpoint Private Securities LLC lifted its holdings in Anheuser Busch Inbev by 28.6% during the 4th quarter. Fieldpoint Private Securities LLC now owns 3,061 shares of the consumer goods maker’s stock worth $341,000 after buying an additional 681 shares during the period. 5.87% of the stock is currently owned by hedge funds and other institutional investors.
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Anheuser Busch Inbev Company Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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