997 Shares in Anheuser-Busch InBev SA/NV (NYSE:BUD) Bought by Brooklyn Investment Group

Brooklyn Investment Group purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 997 shares of the consumer goods maker’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Holocene Advisors LP grew its holdings in shares of Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares during the period. Fisher Asset Management LLC lifted its position in Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after buying an additional 587,329 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth approximately $154,640,000. GFS Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 56,727.5% in the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock worth $12,996,000 after acquiring an additional 195,710 shares in the last quarter. Finally, Armistice Capital LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after acquiring an additional 137,000 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on BUD shares. TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 1.8 %

Shares of NYSE BUD opened at $47.99 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The stock’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $58.64. The firm has a market cap of $86.25 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.48 and a beta of 1.09.

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.