Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 142,216 shares of the consumer goods maker’s stock after acquiring an additional 5,681 shares during the quarter. Bank of Montreal Can’s holdings in Anheuser-Busch InBev SA/NV were worth $9,385,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BUD. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter worth approximately $26,000. GPS Wealth Strategies Group LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 185 shares during the period. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 378 shares during the last quarter. Addison Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the second quarter worth about $35,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $53.80 on Monday. The company has a market cap of $96.69 billion, a PE ratio of 16.60, a P/E/G ratio of 1.73 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12 month low of $53.16 and a 12 month high of $67.49. The company has a fifty day moving average price of $61.12 and a two-hundred day moving average price of $61.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered shares of 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 report on Tuesday, October 8th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley boosted 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. 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.00.

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.