D.A. Davidson & CO. Buys 3,232 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

D.A. Davidson & CO. raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,845 shares of the consumer goods maker’s stock after purchasing an additional 3,232 shares during the quarter. D.A. Davidson & CO.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,702,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BUD. Russell Investments Group Ltd. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 56.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,004 shares of the consumer goods maker’s stock worth $61,000 after purchasing an additional 361 shares during the period. Janus Henderson Group PLC bought a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at about $18,226,000. B. Riley Wealth Advisors Inc. increased its stake in Anheuser-Busch InBev SA/NV by 21.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,159 shares of the consumer goods maker’s stock valued at $506,000 after acquiring an additional 1,612 shares during the period. Tidal Investments LLC increased its stake in Anheuser-Busch InBev SA/NV by 10.8% in the first quarter. Tidal Investments LLC now owns 15,466 shares of the consumer goods maker’s stock valued at $940,000 after acquiring an additional 1,506 shares during the period. Finally, Virtu Financial LLC bought a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at about $1,084,000. Institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of analyst reports. 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 lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $54.08 on Friday. The firm’s 50 day moving average is $61.30 and its 200-day moving average is $61.58. Anheuser-Busch InBev SA/NV has a 1 year low of $53.67 and a 1 year high of $67.49. The firm has a market capitalization of $97.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.76 and a beta of 1.12. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

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.