Old North State Wealth Management LLC Has $274,000 Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Old North State Wealth Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 33.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,465 shares of the consumer goods maker’s stock after acquiring an additional 1,355 shares during the quarter. Old North State Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $274,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BUD. Charles Schwab Investment Management Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock valued at $3,836,000 after purchasing an additional 15,837 shares during the last quarter. Fisher Asset Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth approximately $1,865,000. Cerity Partners LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 61.9% in the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock valued at $4,048,000 after purchasing an additional 23,348 shares during the last quarter. Finally, Brophy Wealth Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth approximately $946,000. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $48.72 on Wednesday. The company has a market cap of $87.55 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.60 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. 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 stock has a fifty day moving average price of $50.36 and a 200-day moving average price of $57.73.

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.