Brown Brothers Harriman & Co. Has $1.21 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Brown Brothers Harriman & Co. cut its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,281 shares of the consumer goods maker’s stock after selling 1,980 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fisher Asset Management LLC increased its stake in Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares during the period. Douglass Winthrop Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock worth $85,294,000 after purchasing an additional 35,757 shares in the last quarter. Seafarer Capital Partners LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after purchasing an additional 107,000 shares during the period. Armistice Capital LLC raised its stake in Anheuser-Busch InBev SA/NV by 19.5% in the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after purchasing an additional 137,000 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Anheuser-Busch InBev SA/NV by 33.7% in the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock valued at $42,244,000 after purchasing an additional 183,301 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Anheuser-Busch InBev SA/NV Stock Down 2.0 %

Shares of BUD opened at $53.92 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 52 week low of $53.67 and a 52 week high of $67.49. The stock has a market capitalization of $96.91 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.75 and a beta of 1.12. The stock has a fifty day moving average of $61.69 and a 200-day moving average of $61.68.

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.