EverSource Wealth Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 78.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,053 shares of the consumer goods maker’s stock after buying an additional 1,786 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $203,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Moors & Cabot Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 5,329 shares of the consumer goods maker’s stock valued at $267,000 after buying an additional 234 shares in the last quarter. GC Wealth Management RIA LLC raised its position in Anheuser-Busch InBev SA/NV by 11.5% in the fourth quarter. GC Wealth Management RIA LLC now owns 10,502 shares of the consumer goods maker’s stock valued at $526,000 after purchasing an additional 1,083 shares during the last quarter. NBT Bank N A NY raised its position in Anheuser-Busch InBev SA/NV by 19.0% in the fourth quarter. NBT Bank N A NY now owns 3,860 shares of the consumer goods maker’s stock valued at $193,000 after purchasing an additional 615 shares during the last quarter. Ruffer LLP raised its position in Anheuser-Busch InBev SA/NV by 50.0% in the fourth quarter. Ruffer LLP now owns 45,000 shares of the consumer goods maker’s stock valued at $2,253,000 after purchasing an additional 15,000 shares during the last quarter. Finally, West Family Investments Inc. raised its position in Anheuser-Busch InBev SA/NV by 27.9% in the fourth quarter. West Family Investments Inc. now owns 5,576 shares of the consumer goods maker’s stock valued at $279,000 after purchasing an additional 1,215 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.
Anheuser-Busch InBev SA/NV Price Performance
Shares of BUD opened at $62.40 on Monday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. 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 company has a market capitalization of $112.14 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The business has a 50-day moving average of $52.94 and a 200-day moving average of $56.81.
Analysts Set New Price Targets
Several equities analysts have commented on the company. TD Cowen dropped their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $64.00.
Check Out Our Latest Stock Analysis on BUD
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.
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