Cable Hill Partners LLC Purchases 484 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Westside Investment Management Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 15.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after purchasing an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of 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 worth $32,000 after purchasing an additional 185 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock worth $624,000 after buying an additional 186 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Anheuser-Busch InBev SA/NV by 20.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after buying an additional 197 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $55.82 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $63.39 and a 200-day moving average price of $62.07. Anheuser-Busch InBev SA/NV has a 52 week low of $55.43 and a 52 week high of $67.49. The firm has a market capitalization of $100.32 billion, a PE ratio of 17.23, a P/E/G ratio of 1.80 and a beta of 1.12.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley increased their price objective 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. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently 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.