Holocene Advisors LP Purchases 803,257 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Holocene Advisors LP lifted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,331,636 shares of the consumer goods maker’s stock after purchasing an additional 803,257 shares during the quarter. Anheuser-Busch InBev SA/NV makes up about 1.2% of Holocene Advisors LP’s investment portfolio, making the stock its 14th largest position. Holocene Advisors LP’s holdings in Anheuser-Busch InBev SA/NV were worth $287,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $476,000. Point72 Hong Kong Ltd acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $89,000. Ironwood Investment Counsel LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 0.4% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 87,515 shares of the consumer goods maker’s stock worth $5,801,000 after acquiring an additional 313 shares during the period. Financial Counselors Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $220,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $216,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 0.4 %

NYSE BUD opened at $54.03 on Monday. The stock’s 50 day simple moving average is $61.12 and its 200 day simple moving average is $61.44. Anheuser-Busch InBev SA/NV has a one year low of $53.16 and a one year high of $67.49. The firm has a market cap of $97.10 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Wall Street Analyst Weigh In

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