Pettyjohn Wood & White Inc. cut its position in Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,605 shares of the consumer goods maker's stock after selling 240 shares during the quarter. Pettyjohn Wood & White Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the company. CAPROCK Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 2.2% in the 2nd quarter. CAPROCK Group Inc. now owns 8,993 shares of the consumer goods maker's stock worth $485,000 after purchasing an additional 192 shares in the last quarter. Keystone Financial Group raised its position in shares of Anheuser-Busch InBev SA/NV by 2.3% during the 2nd quarter. Keystone Financial Group now owns 9,054 shares of the consumer goods maker's stock valued at $488,000 after buying an additional 200 shares in the last quarter. Tyler Stone Wealth Management raised its position in shares of Anheuser-Busch InBev SA/NV by 7.1% during the 2nd quarter. Tyler Stone Wealth Management now owns 3,000 shares of the consumer goods maker's stock valued at $162,000 after buying an additional 200 shares in the last quarter. CWM LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 5.9% during the 2nd quarter. CWM LLC now owns 3,657 shares of the consumer goods maker's stock valued at $197,000 after buying an additional 205 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Anheuser-Busch InBev SA/NV by 2.1% during the 1st quarter. 1832 Asset Management L.P. now owns 11,850 shares of the consumer goods maker's stock valued at $702,000 after buying an additional 247 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.
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Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Anheuser-Busch InBev SA/NV from €54.00 ($57.45) to €52.00 ($55.32) and set an "equal weight" rating on the stock in a research report on Tuesday, October 11th. StockNews.com cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Friday, November 11th. Jefferies Financial Group cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and decreased their target price for the stock from $68.00 to $54.00 in a research report on Monday, September 26th. Credit Suisse Group cut shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to an "underperform" rating in a research report on Thursday, December 15th. Finally, Barclays decreased their target price on shares of Anheuser-Busch InBev SA/NV from €78.00 ($82.98) to €74.00 ($78.72) and set an "overweight" rating on the stock in a research report on Monday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Moderate Buy" and an average target price of $64.70.
Anheuser-Busch InBev SA/NV Trading Down 0.3 %
Anheuser-Busch InBev SA/NV stock traded down $0.16 during trading hours on Monday, reaching $60.93. The stock had a trading volume of 8,902 shares, compared to its average volume of 1,086,973. The stock has a market cap of $120.64 billion, a PE ratio of 23.98, a PEG ratio of 2.12 and a beta of 1.23. Anheuser-Busch InBev SA/NV has a 52 week low of $44.51 and a 52 week high of $67.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.67 and a quick ratio of 0.47. The company has a fifty day simple moving average of $57.42 and a 200-day simple moving average of $53.12.Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The consumer goods maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. The business had revenue of $15.09 billion for the quarter, compared to analyst estimates of $15.12 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.88% and a return on equity of 15.51%. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.05 EPS for the current fiscal year.
Anheuser-Busch InBev SA/NV Company Profile
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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.
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