OLD Mission Capital LLC acquired a new stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,749 shares of the consumer goods maker’s stock, valued at approximately $3,207,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation boosted its stake in Anheuser Busch Inbev by 800.0% during the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after acquiring an additional 784 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new position in Anheuser Busch Inbev during the 3rd quarter valued at $112,000. San Francisco Sentry Investment Group CA boosted its stake in Anheuser Busch Inbev by 138.5% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,240 shares of the consumer goods maker’s stock valued at $138,000 after acquiring an additional 720 shares during the last quarter. Delpha Capital Management LLC bought a new position in Anheuser Busch Inbev during the 4th quarter valued at $149,000. Finally, Acropolis Investment Management LLC bought a new position in Anheuser Busch Inbev during the 4th quarter valued at $167,000. Hedge funds and other institutional investors own 5.87% of the company’s stock.
Shares of Anheuser Busch Inbev NV (BUD) opened at $114.70 on Wednesday. The firm has a market cap of $195,738.77, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. Anheuser Busch Inbev NV has a twelve month low of $101.21 and a twelve month high of $126.50. The company has a current ratio of 0.66, a quick ratio of 0.55 and a debt-to-equity ratio of 1.36.
A number of research firms have commented on BUD. Sanford C. Bernstein upgraded shares of Anheuser Busch Inbev from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $115.19 to $132.00 in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of Anheuser Busch Inbev from $98.72 to $102.48 and gave the stock an “underweight” rating in a report on Monday, March 5th. Societe Generale raised shares of Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Susquehanna Bancshares raised shares of Anheuser Busch Inbev from a “neutral” rating to a “positive” rating and increased their target price for the stock from $125.00 to $131.00 in a report on Wednesday, February 28th. Finally, UBS Group raised shares of Anheuser Busch Inbev from a “neutral” rating to a “positive” rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.02.
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Anheuser Busch Inbev Company Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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