Golden State Wealth Management LLC Makes New $98,000 Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Golden State Wealth Management LLC acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,966 shares of the consumer goods maker’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BUD. GAMMA Investing LLC grew its stake in Anheuser-Busch InBev SA/NV by 32.9% in the third quarter. GAMMA Investing LLC now owns 1,530 shares of the consumer goods maker’s stock valued at $101,000 after purchasing an additional 379 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 96.6% in the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after buying an additional 316 shares during the last quarter. CWM LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 12.6% in the third quarter. CWM LLC now owns 5,846 shares of the consumer goods maker’s stock valued at $388,000 after buying an additional 654 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Anheuser-Busch InBev SA/NV during the third quarter worth $201,000. Finally, First Affirmative Financial Network bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $210,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.1 %

BUD stock opened at $50.38 on Monday. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The business’s 50 day simple moving average is $50.02 and its 200 day simple moving average is $57.44. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $90.53 billion, a PE ratio of 15.55, a PEG ratio of 1.64 and a beta of 1.08.

Analysts Set New Price Targets

Separately, TD Cowen decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV 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.