Choreo LLC Buys 14,282 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Choreo LLC boosted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,127 shares of the consumer goods maker's stock after purchasing an additional 14,282 shares during the quarter. Choreo LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $27,000. R Squared Ltd purchased a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $30,000. First Personal Financial Services raised its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock worth $40,000 after acquiring an additional 205 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock worth $43,000 after acquiring an additional 316 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.69 during trading hours on Tuesday, hitting $51.02. 1,724,731 shares of the company's stock were exchanged, compared to its average volume of 2,346,838. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The company has a market capitalization of $91.68 billion, a PE ratio of 15.75, a PEG ratio of 1.64 and a beta of 1.08. The business's 50 day simple moving average is $49.94 and its 200-day simple moving average is $57.35.

Analysts Set New Price Targets

Separately, TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $64.00.

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.