Cable Hill Partners LLC Grows Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cable Hill Partners LLC grew its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,200 shares of the consumer goods maker’s stock after acquiring an additional 484 shares during the period. Cable Hill Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BUD. MQS Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $323,000. Carrera Capital Advisors boosted its stake in Anheuser-Busch InBev SA/NV by 18.7% during the third quarter. Carrera Capital Advisors now owns 36,171 shares of the consumer goods maker’s stock valued at $2,398,000 after buying an additional 5,700 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 8.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker’s stock worth $289,000 after acquiring an additional 328 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $26,000. Finally, Seafarer Capital Partners LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after purchasing an additional 107,000 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley lifted their price target on 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, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Three investment 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.3 %

Shares of NYSE:BUD opened at $55.82 on Thursday. The stock has a market capitalization of $100.32 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The stock’s 50-day moving average price is $63.39 and its 200-day moving average price is $62.07. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12-month low of $55.43 and a 12-month high of $67.49.

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.