D.A. Davidson & CO. Has $3.70 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

D.A. Davidson & CO. raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,845 shares of the consumer goods maker’s stock after purchasing an additional 3,232 shares during the period. D.A. Davidson & CO.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,702,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $26,000. Blue Trust Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after acquiring an additional 378 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after acquiring an additional 185 shares in the last quarter. Addison Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Finally, First Personal Financial Services boosted its holdings in Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

BUD has been the subject of several recent research reports. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley increased their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Trading Up 0.3 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $54.08 on Friday. The firm has a market capitalization of $97.19 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12. 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’s 50 day moving average is $61.30 and its 200 day moving average is $61.58. Anheuser-Busch InBev SA/NV has a 1 year low of $53.67 and a 1 year high of $67.49.

Anheuser-Busch InBev SA/NV Company 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.