Clarkston Capital Partners LLC Grows Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Clarkston Capital Partners LLC grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,146,842 shares of the consumer goods maker’s stock after purchasing an additional 2,218 shares during the quarter. Anheuser-Busch InBev SA/NV accounts for 1.4% of Clarkston Capital Partners LLC’s holdings, making the stock its 22nd largest holding. Clarkston Capital Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $76,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors raised its stake in Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock valued at $131,504,000 after acquiring an additional 38,747 shares during the period. Seafarer Capital Partners LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after purchasing an additional 107,000 shares during the period. Armistice Capital LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 19.5% during the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after buying an additional 137,000 shares in the last quarter. Raymond James & Associates boosted its holdings in Anheuser-Busch InBev SA/NV by 33.7% in the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after buying an additional 183,301 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Anheuser-Busch InBev SA/NV by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 611,578 shares of the consumer goods maker’s stock valued at $35,563,000 after buying an additional 56,422 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.2 %

Shares of NYSE BUD opened at $56.25 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average of $62.98 and a 200-day moving average of $62.00. The firm has a market capitalization of $101.09 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.80 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12 month low of $55.43 and a 12 month high of $67.49.

Analysts Set New Price Targets

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