Charles Schwab Investment Management Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 37.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,870 shares of the consumer goods maker's stock after purchasing an additional 15,837 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $3,836,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its stake in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Addison Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock valued at $34,000 after acquiring an additional 168 shares in the last quarter. First Personal Financial Services grew its stake in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd 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. Finally, Hantz Financial Services Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $35,000. 5.53% of the stock is owned by hedge funds and other institutional investors.
Anheuser-Busch InBev SA/NV Trading Down 0.1 %
Shares of BUD stock traded down $0.07 during trading hours on Friday, hitting $53.43. The company had a trading volume of 2,353,292 shares, compared to its average volume of 1,709,687. The company's fifty day moving average is $58.70 and its 200 day moving average is $60.60. 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 has a fifty-two week low of $52.30 and a fifty-two week high of $67.49. The stock has a market capitalization of $96.02 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08.
Wall Street Analysts Forecast Growth
BUD has been the subject of several research reports. Barclays raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Tuesday, October 1st. Morgan Stanley boosted their target price on shares of 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 upgraded shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Monday, September 30th. Finally, TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and boosted their target price for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $79.00.
Check Out Our Latest Analysis on BUD
Anheuser-Busch InBev SA/NV Company Profile
(
Free Report)
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.
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