Alberta Investment Management Corp Purchases New Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Alberta Investment Management Corp bought a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 570,000 shares of the consumer goods maker’s stock, valued at approximately $28,540,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Holocene Advisors LP lifted its stake in shares of Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after acquiring an additional 803,257 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Anheuser-Busch InBev SA/NV by 6.0% in the third 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. International Assets Investment Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at $154,640,000. GFS Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 56,727.5% in 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 during the period. Finally, Penn Davis Mcfarland Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 34.0% in the fourth quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker’s stock valued at $23,409,000 after purchasing an additional 118,686 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $53.02 on Wednesday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The stock has a market cap of $95.28 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.64 and a beta of 1.08. 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 firm’s 50-day simple moving average is $49.87 and its 200 day simple moving average is $57.00.

Analyst Upgrades and Downgrades

Separately, TD Cowen decreased their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $64.00.

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.