Thrivent Financial for Lutherans Purchases New Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Thrivent Financial for Lutherans acquired a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,323 shares of the consumer goods maker’s stock, valued at approximately $220,000.

Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after buying an additional 522,575 shares during the period. International Assets Investment Management LLC bought a new position in Anheuser-Busch InBev SA/NV during the third quarter worth about $154,640,000. GFS Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 56,727.5% during the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after purchasing an additional 195,710 shares in the last quarter. Raymond James & Associates grew its stake in shares of Anheuser-Busch InBev SA/NV by 33.7% in the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock valued at $42,244,000 after purchasing an additional 183,301 shares during the period. Finally, Armistice Capital LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after buying an additional 137,000 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 0.4 %

BUD opened at $52.91 on Friday. Anheuser-Busch InBev SA/NV has a 1-year low of $52.88 and a 1-year high of $67.49. The stock has a market capitalization of $95.09 billion, a PE ratio of 16.33, a PEG ratio of 1.73 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $60.29 and a two-hundred day moving average price of $61.15.

Wall Street Analyst Weigh In

Several analysts recently commented on BUD shares. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price target for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley upped their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV 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.