The Manufacturers Life Insurance Company Has $468.29 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

The Manufacturers Life Insurance Company trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,064,286 shares of the consumer goods maker’s stock after selling 285,882 shares during the period. The Manufacturers Life Insurance Company’s holdings in Anheuser-Busch InBev SA/NV were worth $468,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BUD. Ashton Thomas Securities LLC bought a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $26,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. increased its position 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 worth $33,000 after purchasing an additional 378 shares during the period. Addison Advisors LLC raised its stake in 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. bought 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BUD shares. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report 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. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Morgan Stanley upped 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 report on Tuesday, September 10th. 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 stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Up 0.6 %

Shares of BUD opened at $55.04 on Tuesday. The stock has a market capitalization of $98.92 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.75 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 52 week low of $54.51 and a 52 week high of $67.49. 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 stock has a fifty day moving average of $61.89 and a 200-day moving average of $61.76.

Anheuser-Busch InBev SA/NV Company 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.