Creative Planning increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,375 shares of the consumer goods maker's stock after purchasing an additional 3,104 shares during the period. Creative Planning's holdings in Anheuser-Busch InBev SA/NV were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Dodge & Cox lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 13.7% in the 2nd quarter. Dodge & Cox now owns 23,838,936 shares of the consumer goods maker's stock valued at $1,286,111,000 after buying an additional 2,865,804 shares during the period. Capital International Investors grew its position in shares of Anheuser-Busch InBev SA/NV by 3.6% during the 1st quarter. Capital International Investors now owns 7,344,543 shares of the consumer goods maker's stock valued at $444,214,000 after acquiring an additional 252,914 shares during the period. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of Anheuser-Busch InBev SA/NV by 7.8% in the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 4,025,638 shares of the consumer goods maker's stock valued at $217,183,000 after purchasing an additional 292,636 shares in the last quarter. Royal Bank of Canada raised its holdings in Anheuser-Busch InBev SA/NV by 9.3% in the 1st quarter. Royal Bank of Canada now owns 2,246,141 shares of the consumer goods maker's stock worth $134,902,000 after purchasing an additional 190,769 shares during the period. Finally, Invesco Ltd. raised its holdings in Anheuser-Busch InBev SA/NV by 4.1% in the 1st quarter. Invesco Ltd. now owns 1,930,524 shares of the consumer goods maker's stock worth $115,948,000 after purchasing an additional 76,632 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of analysts have recently commented on the company. Morgan Stanley cut their price objective 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. Deutsche Bank Aktiengesellschaft cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Thursday, January 12th. Royal Bank of Canada boosted their target price on shares of Anheuser-Busch InBev SA/NV from €64.00 ($69.57) to €70.00 ($76.09) in a research note on Wednesday, October 5th. Barclays reduced their price target on shares of Anheuser-Busch InBev SA/NV from €78.00 ($84.78) to €74.00 ($80.43) and set an "overweight" rating for the company in a research report on Monday, October 10th. Finally, Credit Suisse Group downgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to an "underperform" rating in a research note on Thursday, December 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Hold" and a consensus price target of $64.70.
Anheuser-Busch InBev SA/NV Price Performance
Anheuser-Busch InBev SA/NV stock opened at $58.74 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $59.59 and a 200 day moving average price of $53.72. Anheuser-Busch InBev SA/NV has a 12-month low of $44.51 and a 12-month high of $66.05. The stock has a market cap of $116.31 billion, a P/E ratio of 23.44, a PEG ratio of 1.86 and a beta of 1.23.
Anheuser-Busch InBev SA/NV Profile
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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.
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