Pathstone Holdings LLC Acquires 13,008 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pathstone Holdings LLC grew its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,066 shares of the consumer goods maker’s stock after acquiring an additional 13,008 shares during the quarter. Pathstone Holdings LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $9,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BUD. Ashton Thomas Securities LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at $26,000. GPS Wealth Strategies Group LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. 5.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BUD has been the subject of several recent analyst reports. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price objective for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $55.19 on Thursday. The business’s 50-day simple moving average is $62.49 and its 200 day simple moving average is $61.90. The stock has a market cap of $99.19 billion, a price-to-earnings ratio of 17.03, a P/E/G 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. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

About Anheuser-Busch InBev SA/NV

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.