Advisors Asset Management Inc. Purchases 2,239 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Advisors Asset Management Inc. lifted its position in Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 26.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,577 shares of the consumer goods maker’s stock after buying an additional 2,239 shares during the period. Advisors Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in Anheuser-Busch InBev SA/NV by 4.8% in the first quarter. Fisher Asset Management LLC now owns 8,687,033 shares of the consumer goods maker’s stock valued at $521,743,000 after acquiring an additional 398,027 shares during the last quarter. Capital International Investors increased its stake in Anheuser-Busch InBev SA/NV by 3.6% in the first quarter. Capital International Investors now owns 7,344,543 shares of the consumer goods maker’s stock valued at $444,214,000 after acquiring an additional 252,914 shares during the last quarter. Dynamo Administracao de Recursos Ltda. increased its stake in Anheuser-Busch InBev SA/NV by 564.5% in the first quarter. Dynamo Administracao de Recursos Ltda. now owns 2,394,732 shares of the consumer goods maker’s stock valued at $143,828,000 after acquiring an additional 2,034,332 shares during the last quarter. Royal Bank of Canada boosted its position in Anheuser-Busch InBev SA/NV by 9.3% during the first quarter. Royal Bank of Canada now owns 2,246,141 shares of the consumer goods maker’s stock valued at $134,902,000 after buying an additional 190,769 shares during the period. Finally, Bank of America Corp DE boosted its position in Anheuser-Busch InBev SA/NV by 10.1% during the first quarter. Bank of America Corp DE now owns 2,028,424 shares of the consumer goods maker’s stock valued at $121,829,000 after buying an additional 185,246 shares during the period. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

BUD has been the subject of several analyst reports. Jefferies Financial Group lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and cut their price target for the company from $68.00 to $54.00 in a research report on Monday, September 26th. StockNews.com lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Exane BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 6th. HSBC upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. Finally, Barclays cut their price target on shares of Anheuser-Busch InBev SA/NV from €78.00 ($80.41) to €74.00 ($76.29) and set an “overweight” rating for the company in a research report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.59.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $55.53 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $48.87 and a 200-day moving average of $52.02. The firm has a market cap of $109.95 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.06 and a beta of 1.23. Anheuser-Busch InBev SA/NV has a 1-year low of $44.51 and a 1-year high of $67.91.

Anheuser-Busch InBev SA/NV Profile

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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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