Central Pacific Bank Trust Division Has $658,000 Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Central Pacific Bank Trust Division raised its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,150 shares of the consumer goods maker’s stock after acquiring an additional 2,850 shares during the period. Central Pacific Bank Trust Division’s holdings in Anheuser-Busch InBev SA/NV were worth $658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BUD. Fisher Asset Management LLC boosted its stake in Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after purchasing an additional 587,329 shares during the period. Holocene Advisors LP lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 22.8% during the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after buying an additional 803,257 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 2.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after acquiring an additional 35,757 shares during the period. Seafarer Capital Partners LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after acquiring an additional 107,000 shares during the last quarter. Finally, Armistice Capital LLC increased its position in Anheuser-Busch InBev SA/NV by 19.5% during the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after acquiring an additional 137,000 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $48.85 on Friday. The business has a 50 day simple moving average of $54.65 and a 200 day simple moving average of $59.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market capitalization of $87.79 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a one year low of $48.55 and a one year high of $67.49.

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.