Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,898 shares of the consumer goods maker’s stock after purchasing an additional 3,545 shares during the quarter. MML Investors Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $5,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BUD. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. GPS Wealth Strategies Group LLC grew its holdings in Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 185 shares during the period. Blue Trust Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares during the period. Finally, Addison Advisors LLC grew its holdings 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 buying an additional 168 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the subject of several recent analyst reports. Morgan Stanley lifted their price target 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. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Up 2.1 %

NYSE BUD opened at $53.51 on Friday. The stock has a market cap of $96.16 billion, a PE ratio of 16.51, a P/E/G ratio of 1.70 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a fifty-two week low of $52.30 and a fifty-two week high of $67.49. The business has a 50 day moving average price of $59.21 and a two-hundred day moving average price of $60.76. 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 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.