Park Avenue Securities LLC Trims Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Park Avenue Securities LLC decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 39,870 shares of the consumer goods maker’s stock after selling 15,092 shares during the period. Park Avenue Securities LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV during the third quarter worth approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth $27,000. 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. Mather Group LLC. grew its holdings in Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock worth $43,000 after acquiring an additional 316 shares in the last quarter. Finally, Anchor Investment Management LLC grew its holdings in Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

BUD has been the subject of several research reports. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen dropped their target price on shares of 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 equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD opened at $47.99 on Friday. The company’s 50 day moving average price is $51.90 and its 200 day moving average price is $58.64. 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 market capitalization of $86.25 billion, a PE ratio of 14.81, a PEG ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

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.