Premier Path Wealth Partners LLC Increases Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Premier Path Wealth Partners LLC lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,488 shares of the consumer goods maker’s stock after buying an additional 2,527 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,076,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Holocene Advisors LP boosted its stake in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after buying an additional 587,329 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $154,640,000. GFS Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV by 56,727.5% during the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after acquiring an additional 195,710 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after acquiring an additional 137,000 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $47.99 on Friday. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49. The company has a market capitalization of $86.25 billion, a PE ratio of 14.81, a P/E/G ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a 50-day simple moving average of $52.08 and a two-hundred day simple moving average of $58.71.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BUD shares. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus 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.