Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Gap Up – Should You Buy?

Anheuser-Busch InBev SA/NV (NYSE:BUD) shares gapped up prior to trading on Wednesday . The stock had previously closed at $51.07, but opened at $52.25. Anheuser-Busch InBev SA/NV shares last traded at $51.94, with a volume of 754,389 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 2.4 %

The firm has a market cap of $93.95 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The business has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $57.28. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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

Several large investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $56,849,000. Holocene Advisors LP boosted its stake in Anheuser-Busch InBev SA/NV by 22.8% in 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 acquiring an additional 803,257 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $37,311,000. 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 in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $28,540,000. 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.