MQS Management LLC Takes $323,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

MQS Management LLC bought a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,868 shares of the consumer goods maker’s stock, valued at approximately $323,000.

A number of other large investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter worth about $26,000. GPS Wealth Strategies Group LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after buying an additional 378 shares during the last quarter. Addison Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $35,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 1.0 %

Shares of BUD opened at $56.36 on Friday. Anheuser-Busch InBev SA/NV has a 12-month low of $55.43 and a 12-month high of $67.49. 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 company has a market capitalization of $101.29 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The business’s 50 day moving average is $63.26 and its 200 day moving average is $62.03.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BUD shares. Morgan Stanley lifted their price target on shares of 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. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Three research 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’s stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

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.