Huntington National Bank Acquires 273 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Huntington National Bank boosted its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 26.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,319 shares of the consumer goods maker’s stock after buying an additional 273 shares during the quarter. Huntington National Bank’s holdings in Anheuser-Busch InBev SA/NV were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $573,000. HighTower Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 15.2% in the 3rd quarter. HighTower Advisors LLC now owns 33,973 shares of the consumer goods maker’s stock worth $1,880,000 after purchasing an additional 4,493 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 227.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,001 shares of the consumer goods maker’s stock worth $1,217,000 after purchasing an additional 15,273 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 12.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,238 shares of the consumer goods maker’s stock worth $400,000 after purchasing an additional 781 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Anheuser-Busch InBev SA/NV by 2.8% in the 3rd quarter. D.A. Davidson & CO. now owns 52,775 shares of the consumer goods maker’s stock worth $2,918,000 after purchasing an additional 1,448 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on BUD. BNP Paribas lowered shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Jefferies Financial Group upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $76.00 in a report on Wednesday, January 10th. HSBC upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. upped their price objective on shares of Anheuser-Busch InBev SA/NV from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Finally, UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus target price of $73.38.

Get Our Latest Stock Report on BUD

Anheuser-Busch InBev SA/NV Stock Up 0.4 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $64.78 on Tuesday. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.09. The company has a 50-day moving average of $63.65 and a 200 day moving average of $59.28. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.64 and a quick ratio of 0.43.

About Anheuser-Busch InBev SA/NV

(Free Report)

Anheuser-Busch InBev SA/NV produces, distributes, 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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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