Brophy Wealth Management LLC Takes Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Brophy Wealth Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,270 shares of the consumer goods maker's stock, valued at approximately $946,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Addison Advisors LLC grew its holdings in 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 purchasing an additional 168 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 15.1% in the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker's stock worth $80,000 after acquiring an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of 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 acquiring an additional 185 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of 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 purchasing an additional 197 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock worth $40,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Down 0.0 %

BUD stock traded down $0.01 during trading on Tuesday, hitting $53.05. 1,584,515 shares of the company's stock were exchanged, compared to its average volume of 1,689,875. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $95.34 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.70 and a beta of 1.08. The business has a 50-day moving average price of $59.76 and a two-hundred day moving average price of $60.91. Anheuser-Busch InBev SA/NV has a 52-week low of $52.88 and a 52-week high of $67.49.

Wall Street Analyst Weigh In

BUD has been the subject of several research reports. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price target on 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. TD Cowen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and raised their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 1st. Two research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $79.00.

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.