Welch & Forbes LLC cut its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 53.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,219 shares of the consumer goods maker’s stock after selling 75,714 shares during the quarter. Welch & Forbes LLC’s holdings in Anheuser Busch Inbev were worth $4,424,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in BUD. Dubuque Bank & Trust Co. acquired a new position in Anheuser Busch Inbev in the fourth quarter valued at approximately $26,000. Howe & Rusling Inc. lifted its holdings in Anheuser Busch Inbev by 45.9% in the fourth quarter. Howe & Rusling Inc. now owns 493 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 155 shares during the period. Essex Savings Bank acquired a new position in Anheuser Busch Inbev in the fourth quarter valued at approximately $35,000. Taylor Hoffman Wealth Management acquired a new position in Anheuser Busch Inbev in the fourth quarter valued at approximately $47,000. Finally, Lavaca Capital LLC acquired a new position in Anheuser Busch Inbev in the fourth quarter valued at approximately $56,000. 4.30% of the stock is owned by institutional investors.
Shares of BUD stock traded down $0.63 during trading hours on Tuesday, hitting $75.74. 16,257 shares of the company’s stock were exchanged, compared to its average volume of 1,584,091. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.67 and a quick ratio of 0.53. The company has a market cap of $128.65 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 3.07 and a beta of 1.18. Anheuser Busch Inbev NV has a fifty-two week low of $64.54 and a fifty-two week high of $117.06.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Societe Generale initiated coverage on Anheuser Busch Inbev in a research note on Friday, February 1st. They set a “hold” rating for the company. Macquarie set a $92.00 target price on Anheuser Busch Inbev and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Royal Bank of Canada raised Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 target price for the company in a research note on Monday, October 29th. They noted that the move was a valuation call. Finally, Argus downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $106.06.
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About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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