Fmr LLC Grows Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Fmr LLC boosted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 732,459 shares of the consumer goods maker’s stock after acquiring an additional 47,684 shares during the period. Fmr LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $48,555,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its position in Anheuser-Busch InBev SA/NV by 6.1% during the 3rd quarter. D.A. Davidson & CO. now owns 55,845 shares of the consumer goods maker’s stock worth $3,702,000 after buying an additional 3,232 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Anheuser-Busch InBev SA/NV by 4.2% during the third quarter. Bank of Montreal Can now owns 142,216 shares of the consumer goods maker’s stock worth $9,385,000 after acquiring an additional 5,681 shares during the period. Douglass Winthrop Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 2.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after purchasing an additional 35,757 shares during the period. Fisher Asset Management LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after purchasing an additional 587,329 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Anheuser-Busch InBev SA/NV by 61.9% during the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock worth $4,048,000 after purchasing an additional 23,348 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $52.91 on Friday. 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 price is $60.03 and its 200 day moving average price is $61.02. Anheuser-Busch InBev SA/NV has a 52 week low of $52.88 and a 52 week high of $67.49. The stock has a market cap of $95.09 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.71 and a beta of 1.08.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley raised their price target on 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. 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 stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV 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.