Forum Financial Management LP Buys New Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Forum Financial Management LP purchased a new position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 3,401 shares of the consumer goods maker’s stock, valued at approximately $225,000.

A number of other hedge funds also recently made changes to their positions in BUD. Janney Montgomery Scott LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after acquiring an additional 354 shares in the last quarter. OLD Mission Capital LLC bought a new position in Anheuser-Busch InBev SA/NV during the first quarter worth about $4,046,000. Cetera Investment Advisers boosted its holdings in Anheuser-Busch InBev SA/NV by 287.8% during the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after purchasing an additional 48,376 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 57.0% in the 2nd quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock valued at $4,811,000 after purchasing an additional 30,052 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $288,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley increased their price objective 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. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen lowered shares of 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 report on Tuesday, October 8th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $58.83 on Wednesday. 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 firm has a 50 day simple moving average of $63.83 and a 200 day simple moving average of $62.17. Anheuser-Busch InBev SA/NV has a fifty-two week low of $57.09 and a fifty-two week high of $67.49. The firm has a market cap 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.

Anheuser-Busch InBev SA/NV Company 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.