HBK Investments L P Has $37.93 Million Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

HBK Investments L P reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 572,152 shares of the consumer goods maker’s stock after selling 214,600 shares during the quarter. Anheuser-Busch InBev SA/NV comprises about 0.6% of HBK Investments L P’s portfolio, making the stock its 14th biggest position. HBK Investments L P’s holdings in Anheuser-Busch InBev SA/NV were worth $37,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings 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 worth $683,252,000 after buying an additional 587,329 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock worth $34,907,000 after acquiring an additional 522,575 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at about $18,226,000. International Assets Investment Management LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at about $154,640,000. Finally, GFS Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 56,727.5% in the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock worth $12,996,000 after purchasing an additional 195,710 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.3 %

Shares of BUD stock opened at $54.08 on Friday. The stock has a market capitalization of $97.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.76 and a beta of 1.12. The company’s fifty day simple moving average is $61.30 and its two-hundred day simple moving average is $61.58. Anheuser-Busch InBev SA/NV has a 1 year low of $53.67 and a 1 year high of $67.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. TD Cowen lowered 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 research report on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

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.