The Manufacturers Life Insurance Company Decreases Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

The Manufacturers Life Insurance Company lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,064,286 shares of the consumer goods maker's stock after selling 285,882 shares during the period. The Manufacturers Life Insurance Company owned 0.39% of Anheuser-Busch InBev SA/NV worth $468,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Addison Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock valued at $34,000 after purchasing an additional 168 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 15.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker's stock valued at $80,000 after purchasing an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock worth $32,000 after purchasing an additional 185 shares during the period. GAMMA Investing LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 20.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker's stock valued at $67,000 after purchasing an additional 197 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in Anheuser-Busch InBev SA/NV by 9.0% in the third quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker's stock worth $157,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Down 2.2 %

Shares of BUD traded down $1.20 during midday trading on Tuesday, reaching $53.84. 1,196,995 shares of the stock were exchanged, compared to its average volume of 1,643,469. 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 company's 50 day moving average is $61.89 and its two-hundred day moving average is $61.76. The company has a market capitalization of $96.76 billion, a P/E ratio of 16.99, a PEG ratio of 1.75 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 52 week low of $53.67 and a 52 week high of $67.49.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BUD. Morgan Stanley raised their target price on shares of 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. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Wednesday, October 9th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Tuesday, October 1st. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Monday, September 30th. Finally, TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and upped their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of "Moderate Buy" and an average 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.