MML Investors Services LLC Has $1.90 Million Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Posted by Defense World Staff on Mar 1st, 2023

MML Investors Services LLC raised its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,112 shares of the consumer goods maker’s stock after purchasing an additional 7,635 shares during the quarter. MML Investors Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BUD. Dynamo Administracao de Recursos Ltda. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 37.8% during the third quarter. Dynamo Administracao de Recursos Ltda. now owns 4,926,864 shares of the consumer goods maker’s stock worth $222,497,000 after acquiring an additional 1,351,899 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 47.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 37,048 shares of the consumer goods maker’s stock worth $1,673,000 after buying an additional 11,917 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 15.1% during the third quarter. Envestnet Asset Management Inc. now owns 372,455 shares of the consumer goods maker’s stock worth $16,820,000 after buying an additional 48,928 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 86.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,094,738 shares of the consumer goods maker’s stock worth $49,438,000 after buying an additional 506,826 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Anheuser-Busch InBev SA/NV by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 155,476 shares of the consumer goods maker’s stock worth $7,022,000 after buying an additional 1,527 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 0.0 %

NYSE BUD opened at $60.70 on Wednesday. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.91 and a beta of 1.22. The stock’s 50-day simple moving average is $59.83 and its two-hundred day simple moving average is $54.51. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.99. Anheuser-Busch InBev SA/NV has a twelve month low of $44.51 and a twelve month high of $63.45.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BUD. UBS Group downgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “sell” rating in a report on Thursday, January 12th. JPMorgan Chase & Co. upgraded Anheuser-Busch InBev SA/NV from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $70.00 in a report on Monday, November 28th. They noted that the move was a valuation call. StockNews.com downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Credit Suisse Group downgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to an “underperform” rating in a report on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.70.

Anheuser-Busch InBev SA/NV Company Profile

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Anheuser-Busch InBev SA/NV operates as a holding company, which engages in the manufacture and distribution of alcoholic and non-alcoholic beverages. It operates through the following geographical segments: North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies.