Carrera Capital Advisors Grows Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Carrera Capital Advisors boosted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,171 shares of the consumer goods maker’s stock after buying an additional 5,700 shares during the quarter. Carrera Capital Advisors’ holdings in Anheuser-Busch InBev SA/NV were worth $2,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BUD. Allspring Global Investments Holdings LLC bought a new stake in Anheuser-Busch InBev SA/NV during the first quarter valued at about $106,000. BNP Paribas Financial Markets increased its holdings in shares of Anheuser-Busch InBev SA/NV by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 7,389 shares of the consumer goods maker’s stock worth $449,000 after purchasing an additional 2,851 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock worth $1,908,000 after purchasing an additional 354 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 1.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,566 shares of the consumer goods maker’s stock worth $825,000 after purchasing an additional 210 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth about $288,000. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BUD has been the topic of several research reports. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. 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. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Trading Down 2.2 %

BUD traded down $1.23 on Tuesday, hitting $55.84. The company had a trading volume of 2,500,648 shares, compared to its average volume of 1,612,205. The company has a market cap of $100.36 billion, a PE ratio of 17.61, a PEG ratio of 1.84 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12-month low of $55.79 and a 12-month high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $63.50 and its 200 day simple moving average is $62.10.

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.