Charles Schwab Investment Management Inc. Buys 15,837 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Charles Schwab Investment Management Inc. raised its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 37.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,870 shares of the consumer goods maker’s stock after acquiring an additional 15,837 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Addison Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd 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 during the period. Brown Lisle Cummings Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 9.0% in 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. First Personal Financial Services increased its position in Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after acquiring an additional 205 shares during the period. Sage Mountain Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 3.6% during the second quarter. Sage Mountain Advisors LLC now owns 6,035 shares of the consumer goods maker’s stock worth $351,000 after acquiring an additional 209 shares during the period. Finally, CHICAGO TRUST Co NA raised its stake in Anheuser-Busch InBev SA/NV by 2.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 10,165 shares of the consumer goods maker’s stock worth $674,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Ratings Changes

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

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $53.43 on Friday. The business has a fifty day simple moving average of $58.70 and a 200 day simple moving average of $60.61. The company has a market cap of $96.02 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $52.30 and a twelve month high of $67.49.

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.