Choreo LLC Buys 14,282 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Choreo LLC raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 55.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,127 shares of the consumer goods maker’s stock after purchasing an additional 14,282 shares during the quarter. Choreo LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,998,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock valued at $3,836,000 after acquiring an additional 15,837 shares during the period. Fisher Asset Management LLC increased its stake in Anheuser-Busch InBev SA/NV by 6.0% in 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 acquiring an additional 587,329 shares during the period. Blue Trust Inc. increased its stake in Anheuser-Busch InBev SA/NV by 15.8% in the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock valued at $171,000 after acquiring an additional 464 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at about $1,865,000. Finally, Cerity Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 61.9% in the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock valued at $4,048,000 after acquiring an additional 23,348 shares during the period. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $50.38 on Friday. The firm has a market cap of $90.53 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49. 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’s 50-day moving average price is $50.08 and its two-hundred day moving average price is $57.54.

Anheuser-Busch InBev SA/NV Profile

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.