CIBC Asset Management Inc bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,373 shares of the consumer goods maker's stock, valued at approximately $443,000.
Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at $30,000. Creative Financial Designs Inc. ADV increased its stake in Anheuser-Busch InBev SA/NV by 36.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the consumer goods maker's stock worth $44,000 after buying an additional 196 shares during the period. Americana Partners LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth $60,000. Pflug Koory LLC increased its stake in Anheuser-Busch InBev SA/NV by 58.7% during the 1st quarter. Pflug Koory LLC now owns 1,076 shares of the consumer goods maker's stock worth $65,000 after buying an additional 398 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 20.6% during the 1st quarter. JFS Wealth Advisors LLC now owns 1,240 shares of the consumer goods maker's stock worth $74,000 after buying an additional 212 shares during the period.
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NYSE BUD opened at $53.55 on Wednesday. Anheuser-Busch InBev SA/NV has a one year low of $50.59 and a one year high of $67.91. The company has a 50-day simple moving average of $53.97 and a 200-day simple moving average of $57.43. 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 firm has a market capitalization of $106.03 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25.
Analyst Ratings Changes
Several equities research analysts recently issued reports on BUD shares. Barclays dropped their price target on shares of Anheuser-Busch InBev SA/NV from €84.00 ($85.71) to €77.00 ($78.57) in a research note on Monday, July 11th. Royal Bank of Canada decreased their price objective on shares of Anheuser-Busch InBev SA/NV from €65.00 ($66.33) to €64.00 ($65.31) in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Anheuser-Busch InBev SA/NV from €74.00 ($75.51) to €73.00 ($74.49) and set a "buy" rating for the company in a report on Tuesday, July 5th. Credit Suisse Group decreased their price objective on shares of Anheuser-Busch InBev SA/NV from €59.00 ($60.20) to €58.00 ($59.18) in a report on Friday, May 6th. Finally, StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.16.Anheuser-Busch InBev SA/NV Company Profile
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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.
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