M&T Bank Corp Acquires 935 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

M&T Bank Corp boosted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,519 shares of the consumer goods maker’s stock after acquiring an additional 935 shares during the period. M&T Bank Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BUD. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after acquiring an additional 378 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the 2nd 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 period. Finally, First Personal Financial Services boosted its position 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 valued at $40,000 after purchasing an additional 205 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 3.2 %

Shares of NYSE:BUD opened at $50.11 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $50.08 and a 1 year high of $67.49. The stock’s fifty day moving average price is $57.91 and its 200-day moving average price is $60.38. The company has a market cap of $90.06 billion, a P/E ratio of 15.47, a PEG ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BUD shares. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley lifted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $79.00.

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.