Bank of Nova Scotia Takes Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Bank of Nova Scotia bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,620 shares of the consumer goods maker's stock, valued at approximately $281,000.

Several other large investors also recently modified their holdings of the business. Callan Capital LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 2.2% in the 4th quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker's stock worth $531,000 after buying an additional 229 shares during the period. Moors & Cabot Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 5,329 shares of the consumer goods maker's stock worth $267,000 after acquiring an additional 234 shares during the period. Farther Finance Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 25.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,298 shares of the consumer goods maker's stock valued at $65,000 after acquiring an additional 265 shares in the last quarter. Anchor Investment Management LLC increased its position in Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker's stock valued at $51,000 after purchasing an additional 422 shares during the period. Finally, Integrated Investment Consultants LLC increased its position in Anheuser-Busch InBev SA/NV by 1.6% during the 4th quarter. Integrated Investment Consultants LLC now owns 28,993 shares of the consumer goods maker's stock valued at $1,452,000 after purchasing an additional 464 shares during the period. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Argus raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price on the stock in a research note on Thursday, March 27th. TD Cowen reduced their target price 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. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Berenberg Bank initiated coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Up 1.4 %

BUD stock traded up $0.91 on Friday, reaching $65.55. 3,321,557 shares of the company traded hands, compared to its average volume of 1,870,358. The firm has a fifty day simple moving average of $60.23 and a 200-day simple moving average of $56.66. The company has a market cap of $117.80 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year 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 (NYSE:BUD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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.