Ironwood Investment Counsel LLC Increases Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ironwood Investment Counsel LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,515 shares of the consumer goods maker’s stock after purchasing an additional 313 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $5,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter worth about $1,865,000. Cetera Investment Advisers boosted its stake in Anheuser-Busch InBev SA/NV by 287.8% during the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after buying an additional 48,376 shares during the last quarter. QRG Capital Management Inc. increased its stake in Anheuser-Busch InBev SA/NV by 57.0% in the 2nd quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock worth $4,811,000 after acquiring an additional 30,052 shares during the last quarter. Finally, Seafarer Capital Partners LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 11.2% during the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after acquiring an additional 107,000 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.5 %

NYSE:BUD opened at $53.80 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $53.16 and a twelve month high of $67.49. The company has a market cap of $96.69 billion, a PE ratio of 16.60, a P/E/G ratio of 1.73 and a beta of 1.12. The company’s 50 day moving average is $61.12 and its two-hundred day moving average is $61.50.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BUD. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Morgan Stanley upped their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and an average target price of $79.00.

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.