QRG Capital Management Inc. Boosts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

QRG Capital Management Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,004 shares of the consumer goods maker’s stock after buying an additional 7,267 shares during the period. QRG Capital Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $5,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. 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 valued at $33,000 after purchasing an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Addison Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 39.7% in 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 during the period. Hantz Financial Services Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $35,000. Finally, Mather Group LLC. increased its position in shares of Anheuser-Busch InBev SA/NV by 96.6% in the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after acquiring an additional 316 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 0.5 %

Shares of NYSE BUD opened at $58.83 on Wednesday. The company has a 50 day simple moving average of $63.83 and a 200-day simple moving average of $62.17. The company has a market capitalization of $105.73 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a 1 year low of $57.09 and a 1 year high of $67.49.

Analysts Set New Price Targets

Several brokerages have weighed in on BUD. Morgan Stanley increased their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their target price for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate 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.