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

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

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $27,000. First Personal Financial Services lifted its holdings in Anheuser-Busch InBev SA/NV by 51.3% in the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares during the period. Mather Group LLC. grew its stake in shares of Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock worth $43,000 after purchasing an additional 316 shares during the period. Finally, Anchor Investment Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock valued at $51,000 after purchasing an additional 422 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 1.8 %

BUD opened at $47.99 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The company has a market cap of $86.25 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.09. The company has a 50-day moving average price of $52.08 and a 200 day moving average price of $58.71.

Analyst Ratings Changes

Several research firms recently commented on BUD. TD Cowen dropped 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. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and an average price target of $64.00.

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.