Y Intercept Hong Kong Ltd Has $2.46 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Y Intercept Hong Kong Ltd grew its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 83.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,064 shares of the consumer goods maker's stock after buying an additional 16,896 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $2,457,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BUD. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $26,000. Legacy Investment Solutions LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $27,000. Blue Trust Inc. increased its position in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock worth $33,000 after buying an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock valued at $32,000 after buying an additional 185 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock worth $34,000 after buying an additional 168 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded down $0.10 on Tuesday, hitting $52.96. 2,426,714 shares of the company were exchanged, compared to its average volume of 1,694,491. The company's 50 day moving average price is $59.76 and its two-hundred day moving average price is $60.91. The firm has a market capitalization of $95.18 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a one year low of $52.88 and a one year high of $67.49.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BUD. Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Wednesday, October 9th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and lifted their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Citigroup upgraded shares of 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 issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $79.00.

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.