Moors & Cabot Inc. raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 8.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,450 shares of the consumer goods maker’s stock after purchasing an additional 439 shares during the period. Moors & Cabot Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% during 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 during the period. Addison Advisors LLC boosted its position 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 valued at $34,000 after acquiring an additional 168 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at about $35,000. Finally, Valley Wealth Managers Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter worth about $38,000. Institutional investors own 5.53% of the company’s stock.
Anheuser-Busch InBev SA/NV Trading Down 1.0 %
Shares of BUD opened at $63.14 on Friday. The stock has a fifty day moving average price of $61.65 and a two-hundred day moving average price of $61.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a market cap of $113.48 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.81 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BUD. Morgan Stanley lifted their price objective 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. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.25.
Check Out Our Latest Stock Report on Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV Company 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.
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