Financial Counselors Inc. Buys Shares of 3,324 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Financial Counselors Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,324 shares of the consumer goods maker’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Addison Advisors LLC raised its stake in shares of 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 in the last quarter. Westside Investment Management Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 15.1% during the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after acquiring an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 20.6% during the second quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after acquiring an additional 197 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 9.0% during the third quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock valued at $157,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $53.80 on Monday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $53.16 and a fifty-two week high of $67.49. 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. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The business has a 50-day simple moving average of $61.12 and a two-hundred day simple moving average of $61.44.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BUD. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley boosted their price objective on shares of 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, TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

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.