Cerity Partners LLC Purchases 5,098 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cerity Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 139.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,745 shares of the consumer goods maker’s stock after buying an additional 5,098 shares during the quarter. Cerity Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BUD. Dynamo Administracao de Recursos Ltda. raised its stake in shares of 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 worth $143,828,000 after buying an additional 2,034,332 shares during the period. Seafarer Capital Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth about $39,060,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth about $31,718,000. Capital Wealth Alliance LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth about $468,000. Finally, UBS Group AG raised its stake in shares of Anheuser-Busch InBev SA/NV by 198.9% in the first quarter. UBS Group AG now owns 673,523 shares of the consumer goods maker’s stock worth $40,452,000 after buying an additional 448,159 shares during the period. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

BUD has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Anheuser-Busch InBev SA/NV from €64.00 ($65.98) to €70.00 ($72.16) in a research note on Wednesday, October 5th. JPMorgan Chase & Co. decreased their target price on Anheuser-Busch InBev SA/NV from €50.00 ($51.55) to €45.00 ($46.39) in a research note on Wednesday, October 5th. BNP Paribas raised Anheuser-Busch InBev SA/NV to an “outperform” rating in a research note on Tuesday, September 6th. Jefferies Financial Group downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and decreased their target price for the company from $68.00 to $54.00 in a research note on Monday, September 26th. Finally, Exane BNP Paribas raised Anheuser-Busch InBev SA/NV from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.58.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $55.53 on Friday. The stock has a market capitalization of $109.95 billion, a PE ratio of 21.95, a P/E/G ratio of 2.06 and a beta of 1.23. The business has a 50 day simple moving average of $48.87 and a two-hundred day simple moving average of $51.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.67 and a quick ratio of 0.47. Anheuser-Busch InBev SA/NV has a 1-year low of $44.51 and a 1-year high of $67.91.

About Anheuser-Busch InBev SA/NV

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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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