Ritholtz Wealth Management Reduces Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ritholtz Wealth Management lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 54.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,498 shares of the consumer goods maker’s stock after selling 12,392 shares during the period. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Anheuser-Busch InBev SA/NV by 37.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after purchasing an additional 15,837 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after buying an additional 587,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $1,865,000. Cerity Partners LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 61.9% in the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock valued at $4,048,000 after acquiring an additional 23,348 shares during the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter worth approximately $946,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 1.8 %

Shares of BUD opened at $47.99 on Tuesday. The stock has a market capitalization of $86.25 billion, a PE ratio of 14.81, a P/E/G ratio of 1.48 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year 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 company’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $58.63.

Analyst Upgrades and Downgrades

A number of research firms have commented on BUD. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. TD Cowen decreased 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 research report on Wednesday, January 8th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV 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.