Bank of New York Mellon Corp reduced its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 347,452 shares of the consumer goods maker’s stock after selling 4,411 shares during the quarter. Bank of New York Mellon Corp’s holdings in Anheuser Busch Inbev were worth $38,763,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation grew its stake in shares of Anheuser Busch Inbev by 800.0% in the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after purchasing an additional 784 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at approximately $112,000. San Francisco Sentry Investment Group CA grew its stake in shares of Anheuser Busch Inbev by 138.5% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,240 shares of the consumer goods maker’s stock valued at $138,000 after purchasing an additional 720 shares during the last quarter. Acropolis Investment Management LLC purchased a new position in shares of Anheuser Busch Inbev in the 4th quarter valued at approximately $167,000. Finally, South State Corp purchased a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at approximately $201,000. Institutional investors own 5.87% of the company’s stock.
Shares of Anheuser Busch Inbev NV (BUD) opened at $115.60 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.66 and a debt-to-equity ratio of 1.36. Anheuser Busch Inbev NV has a 12 month low of $101.21 and a 12 month high of $126.50. The firm has a market capitalization of $195,100.00, a P/E ratio of 37.29, a P/E/G ratio of 1.56 and a beta of 1.05.
Several brokerages have weighed in on BUD. Sanford C. Bernstein upgraded Anheuser Busch Inbev from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $115.19 to $132.00 in a research note on Monday. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Susquehanna Bancshares set a $132.00 target price on Anheuser Busch Inbev and gave the company a “hold” rating in a research note on Thursday, November 30th. Societe Generale upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Anheuser Busch Inbev from $98.72 to $102.48 and gave the company an “underweight” rating in a research note on Monday, March 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.02.
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Anheuser Busch Inbev Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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