Empirical Asset Management LLC Takes $2.13 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Empirical Asset Management LLC acquired a new position in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,485 shares of the consumer goods maker’s stock, valued at approximately $2,127,000.

A number of other hedge funds also recently bought and sold shares of BUD. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth $26,000. Legacy Investment Solutions LLC bought a new position in Anheuser-Busch InBev SA/NV in the third quarter worth about $27,000. First Personal Financial Services lifted its position in shares of Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after buying an additional 205 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 96.6% in the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after buying an additional 316 shares in the last quarter. Finally, Anchor Investment Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have 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 upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Finally, TD Cowen decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $47.99 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a 50-day moving average of $52.08 and a two-hundred day moving average of $58.71. The stock has a market cap of $86.25 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.48 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49.

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.