Avantax Advisory Services Inc. raised its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 14.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,395 shares of the consumer goods maker's stock after purchasing an additional 1,082 shares during the period. Avantax Advisory Services Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI raised its position in Anheuser-Busch InBev SA/NV by 10.1% during the 2nd quarter. National Bank of Canada FI now owns 59,390 shares of the consumer goods maker's stock valued at $3,200,000 after purchasing an additional 5,435 shares in the last quarter. Assetmark Inc. raised its position in Anheuser-Busch InBev SA/NV by 29.4% during the 2nd quarter. Assetmark Inc. now owns 17,482 shares of the consumer goods maker's stock valued at $943,000 after purchasing an additional 3,970 shares in the last quarter. Advisory Services Network LLC raised its position in Anheuser-Busch InBev SA/NV by 19.3% during the 2nd quarter. Advisory Services Network LLC now owns 16,162 shares of the consumer goods maker's stock valued at $872,000 after purchasing an additional 2,620 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 11.3% in the 3rd quarter. AE Wealth Management LLC now owns 6,993 shares of the consumer goods maker's stock worth $316,000 after acquiring an additional 712 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Anheuser-Busch InBev SA/NV by 6.1% in the 2nd quarter. Comerica Bank now owns 33,562 shares of the consumer goods maker's stock worth $1,886,000 after acquiring an additional 1,915 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 0.2 %

Anheuser-Busch InBev SA/NV stock opened at $59.44 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.47 and a current ratio of 0.67. The business's 50-day simple moving average is $59.33 and its two-hundred day simple moving average is $53.62. The company has a market cap of $117.69 billion, a PE ratio of 23.49, a PEG ratio of 1.89 and a beta of 1.23. Anheuser-Busch InBev SA/NV has a fifty-two week low of $44.51 and a fifty-two week high of $66.05.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BUD. UBS Group lowered Anheuser-Busch InBev SA/NV from a "neutral" rating to a "sell" rating in a research report on Thursday, January 12th. JPMorgan Chase & Co. raised Anheuser-Busch InBev SA/NV from an "underweight" rating to an "overweight" rating and boosted their price target for the stock from $45.00 to $70.00 in a research report on Monday, November 28th. They noted that the move was a valuation call. Credit Suisse Group lowered Anheuser-Busch InBev SA/NV from a "neutral" rating to an "underperform" rating in a research report on Thursday, December 15th. Morgan Stanley reduced their price target on Anheuser-Busch InBev SA/NV from €54.00 ($58.70) to €52.00 ($56.52) and set an "equal weight" rating for the company in a research report on Tuesday, October 11th. Finally, StockNews.com lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Friday, November 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of "Hold" and an average target price of $64.70.

Anheuser-Busch InBev SA/NV Profile

(Get Rating)

Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.

Read More

• Get a free copy of the StockNews.com research report on Anheuser-Busch InBev SA/NV (BUD)
• Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
• How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
• Is the Pain Over for Baudax Bio Investors after a 70% Spike?
• Will Rocket Lab's First U.S. Launch Send Stock Into Stratosphere?
• Is It Time To Get Aggressive With Defense Stocks?

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating).

Receive News & Ratings for Anheuser-Busch InBev SA/NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser-Busch InBev SA/NV and related companies with MarketBeat.com's FREE daily email newsletter.