Anheuser-Busch InBev SA/NV Sees Unusually Large Options Volume (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD) was the target of unusually large options trading activity on Friday. Investors purchased 13,978 call options on the company. This represents an increase of 233% compared to the typical daily volume of 4,198 call options.

Anheuser-Busch InBev SA/NV Stock Down 2.2 %

Shares of NYSE:BUD opened at $48.85 on Friday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $48.55 and a fifty-two week high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm’s 50-day simple moving average is $54.65 and its 200-day simple moving average is $59.51. The company has a market cap of $87.79 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.68 and a beta of 1.08.

Analyst Ratings Changes

BUD has been the subject of several research reports. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.00.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 210.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,396 shares of the consumer goods maker’s stock valued at $314,000 after buying an additional 3,657 shares during the period. Rhumbline Advisers lifted its holdings in Anheuser-Busch InBev SA/NV by 5.7% in the second quarter. Rhumbline Advisers now owns 17,632 shares of the consumer goods maker’s stock valued at $1,025,000 after acquiring an additional 944 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of Anheuser-Busch InBev SA/NV by 69.1% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 6,290 shares of the consumer goods maker’s stock worth $366,000 after purchasing an additional 2,570 shares in the last quarter. Addison Advisors LLC grew its stake in shares of 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 worth $34,000 after purchasing an additional 168 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 3.5% in the 2nd quarter. Private Advisor Group LLC now owns 11,011 shares of the consumer goods maker’s stock valued at $640,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

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.