Natixis Advisors LLC Grows Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Natixis Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,576 shares of the consumer goods maker’s stock after acquiring an additional 4,615 shares during the quarter. Natixis Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $10,578,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BUD. Cable Hill Partners LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 5.6% in the 3rd quarter. Cable Hill Partners LLC now owns 9,200 shares of the consumer goods maker’s stock worth $610,000 after acquiring an additional 484 shares in the last quarter. MQS Management LLC bought a new position in Anheuser-Busch InBev SA/NV during the third quarter worth $323,000. Carrera Capital Advisors boosted its holdings in Anheuser-Busch InBev SA/NV by 18.7% in the third quarter. Carrera Capital Advisors now owns 36,171 shares of the consumer goods maker’s stock worth $2,398,000 after purchasing an additional 5,700 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 8.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker’s stock worth $289,000 after purchasing an additional 328 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter valued at $26,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $55.19 on Thursday. The business has a 50 day simple moving average of $62.49 and a 200 day simple moving average of $61.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The firm has a market capitalization of $99.19 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12-month low of $54.78 and a 12-month 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.