West Family Investments Inc. Takes $289,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

West Family Investments Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 4,361 shares of the consumer goods maker’s stock, valued at approximately $289,000.

Other large investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $4,046,000. Cetera Investment Advisers grew 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 worth $3,962,000 after acquiring an additional 48,376 shares during the period. QRG Capital Management Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 57.0% during the second quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock worth $4,811,000 after acquiring an additional 30,052 shares during the period. Seafarer Capital Partners LLC grew its holdings in Anheuser-Busch InBev SA/NV by 11.2% during the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after acquiring an additional 107,000 shares during the period. Finally, Choreo LLC acquired a new position in Anheuser-Busch InBev SA/NV during the second quarter worth about $1,440,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Down 0.8 %

Shares of BUD stock opened at $56.07 on Wednesday. The stock’s 50 day simple moving average is $62.68 and its 200 day simple moving average is $61.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a twelve month low of $55.43 and a twelve month high of $67.49. The company has a market capitalization of $100.77 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.80 and a beta of 1.12.

Wall Street Analyst Weigh In

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