Pathstone Holdings LLC Acquires 13,008 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pathstone Holdings LLC lifted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,066 shares of the consumer goods maker's stock after purchasing an additional 13,008 shares during the period. Pathstone Holdings LLC's holdings in Anheuser-Busch InBev SA/NV were worth $9,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BUD. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth $26,000. GPS Wealth Strategies Group LLC increased its stake in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock worth $33,000 after buying an additional 378 shares in the last quarter. Addison Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after buying an additional 168 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at about $35,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 1.6 %

Shares of NYSE BUD opened at $55.19 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $54.78 and a 1 year high of $67.49. The firm has a 50-day simple moving average of $62.49 and a two-hundred day simple moving average of $61.90. The company has a market cap of $99.19 billion, a P/E ratio of 17.03, a PEG ratio of 1.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BUD. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, September 10th. Finally, TD Cowen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and lifted their price target for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

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.