You can the following query instead of the one mentioned. I see your query is consuming more cpu which is not good for prod.
Hope you can use my query.
SET NOCOUNT ON
DECLARE @SQLcommand NVARCHAR(512),
@Table SYSNAME
DECLARE curAllTables CURSOR FOR
SELECT table_schema + '.' + table_name
FROM information_schema.tables
WHERE TABLE_TYPE = 'BASE TABLE'
OPEN curAllTables
FETCH NEXT FROM curAllTables
INTO @Table
WHILE (@@FETCH_STATUS = 0)
BEGIN
PRINT N'UPDATING STATISTICS FOR TABLE: ' + @Table
SET @SQLcommand = 'UPDATE STATISTICS ' + @Table + ' WITH FULLSCAN'
EXEC sp_executesql
@SQLcommand
FETCH NEXT FROM curAllTables
INTO @Table
END
CLOSE curAllTables
DEALLOCATE curAllTables
SET NOCOUNT OFF