Penn Davis Mcfarland Inc. Increases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Penn Davis Mcfarland Inc. increased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 467,519 shares of the consumer goods maker’s stock after acquiring an additional 118,686 shares during the quarter. Anheuser-Busch InBev SA/NV makes up about 2.5% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 13th largest position. Penn Davis Mcfarland Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $23,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BUD. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $27,000. First Personal Financial Services boosted its position in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares in the last quarter. Mather Group LLC. increased 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 acquiring an additional 316 shares during the period. Finally, Anchor Investment Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after acquiring an additional 422 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BUD shares. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen lowered their target price 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 note 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $47.99 on Monday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. 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 market cap 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 business has a 50-day simple moving average of $51.90 and a two-hundred day simple moving average of $58.64.

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.