Alberta Investment Management Corp Acquires Shares of 570,000 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Alberta Investment Management Corp bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 570,000 shares of the consumer goods maker's stock, valued at approximately $28,540,000.

Other large investors have also modified their holdings of the company. Brown Lisle Cummings Inc. boosted its position in Anheuser-Busch InBev SA/NV by 9.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker's stock valued at $157,000 after buying an additional 197 shares during the period. First Personal Financial Services raised its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% in the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock valued at $40,000 after acquiring an additional 205 shares in the last quarter. Ironwood Investment Counsel LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 0.4% in the third quarter. Ironwood Investment Counsel LLC now owns 87,515 shares of the consumer goods maker's stock valued at $5,801,000 after purchasing an additional 313 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 8.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker's stock valued at $289,000 after buying an additional 328 shares during the period. Finally, Altman Advisors Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 1.4% during the third quarter. Altman Advisors Inc. now owns 27,691 shares of the consumer goods maker's stock worth $1,836,000 after buying an additional 372 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 1.6 %

Shares of BUD traded up $0.86 during mid-day trading on Friday, reaching $54.01. The company's stock had a trading volume of 1,740,301 shares, compared to its average volume of 2,225,461. The company's 50 day moving average is $49.87 and its 200 day moving average is $56.94. The stock has a market cap of $97.06 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. 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 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.