BNP Paribas Financial Markets Trims Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

BNP Paribas Financial Markets decreased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 76.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,111 shares of the consumer goods maker’s stock after selling 3,529 shares during the quarter. BNP Paribas Financial Markets’ holdings in Anheuser-Busch InBev SA/NV were worth $74,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares in the last quarter. First Personal Financial Services increased its stake in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after buying an additional 205 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price objective for the stock from $68.00 to $88.00 in a research report on Tuesday, October 8th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price target on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV Stock Down 0.0 %

Shares of NYSE:BUD opened at $50.10 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $57.64 and a 200-day simple moving average of $60.31. The company has a market capitalization of $90.04 billion, a PE ratio of 15.46, a P/E/G ratio of 1.68 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a twelve month low of $49.83 and a twelve month high of $67.49.

Anheuser-Busch InBev SA/NV Company Profile

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.