Franklin Resources Inc. Has $1.10 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Franklin Resources Inc. decreased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,863 shares of the consumer goods maker’s stock after selling 672 shares during the quarter. Franklin Resources Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Anheuser-Busch InBev SA/NV by 37.7% during the 3rd 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 last quarter. Fisher Asset Management LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after purchasing an additional 587,329 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. Cerity Partners LLC lifted 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 buying an additional 23,348 shares during the period. Finally, Brophy Wealth Management LLC bought a new position in Anheuser-Busch InBev SA/NV during the third quarter worth about $946,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BUD. Morgan Stanley increased their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Citigroup raised shares of 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 report on Wednesday, October 9th. Finally, TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $50.37 on Friday. The company has a fifty day moving average price of $55.83 and a 200 day moving average price of $59.80. Anheuser-Busch InBev SA/NV has a 1-year low of $49.66 and a 1-year high of $67.49. The firm has a market cap of $90.52 billion, a PE ratio of 15.55, a PEG ratio of 1.68 and a beta of 1.08. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

About Anheuser-Busch InBev SA/NV

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.