Financial Counselors Inc. Takes $220,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Financial Counselors Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the third quarter, Holdings Channel.com reports. The institutional investor bought 3,324 shares of the consumer goods maker’s stock, valued at approximately $220,000.

A number of other large investors have also recently bought and sold shares of BUD. Ashton Thomas Securities LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $26,000. GPS Wealth Strategies Group LLC lifted its position in Anheuser-Busch InBev SA/NV by 50.7% during the second 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 period. Blue Trust Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 225.0% in the second 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. Addison Advisors LLC grew its position in 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 worth $34,000 after purchasing an additional 168 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BUD. Morgan Stanley upped their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Three investment 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. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.5 %

Shares of NYSE BUD opened at $53.80 on Monday. Anheuser-Busch InBev SA/NV has a 52-week low of $53.16 and a 52-week high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company’s 50-day simple moving average is $61.12 and its 200-day simple moving average is $61.44. The firm has a market cap of $96.69 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.12.

About Anheuser-Busch InBev SA/NV

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.