Allspring Global Investments Holdings LLC Has $247,000 Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Allspring Global Investments Holdings LLC trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,046 shares of the consumer goods maker’s stock after selling 1,884 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Personal Financial Services grew its holdings 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 acquiring an additional 205 shares during the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 0.4% during the third quarter. Ironwood Investment Counsel LLC now owns 87,515 shares of the consumer goods maker’s stock valued at $5,801,000 after acquiring an additional 313 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 8.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker’s stock worth $289,000 after purchasing an additional 328 shares during the period. Altman Advisors Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.4% in the third quarter. Altman Advisors Inc. now owns 27,691 shares of the consumer goods maker’s stock worth $1,836,000 after purchasing an additional 372 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at $26,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen cut their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Trading Up 0.3 %

NYSE:BUD opened at $54.69 on Wednesday. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm’s fifty day moving average is $49.98 and its 200-day moving average is $56.76. The firm has a market cap of $98.28 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.73 and a beta of 1.08.

About Anheuser-Busch InBev SA/NV

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.