Carrera Capital Advisors Increases Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Carrera Capital Advisors boosted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,171 shares of the consumer goods maker’s stock after purchasing an additional 5,700 shares during the quarter. Carrera Capital Advisors’ holdings in Anheuser-Busch InBev SA/NV were worth $2,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BUD. Janney Montgomery Scott LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after buying an additional 354 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $4,046,000. Cetera Investment Advisers boosted its stake in Anheuser-Busch InBev SA/NV by 287.8% during the 1st quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after purchasing an additional 48,376 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 57.0% during the 2nd quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock valued at $4,811,000 after purchasing an additional 30,052 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $288,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BUD. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley increased their target price on 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. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock traded down $1.23 on Tuesday, reaching $55.84. The stock had a trading volume of 2,500,648 shares, compared to its average volume of 1,612,205. The stock has a market cap of $100.36 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.84 and a beta of 1.12. 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 $63.50 and a 200 day simple moving average of $62.10. Anheuser-Busch InBev SA/NV has a 1 year low of $55.79 and a 1 year high of $67.49.

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.