Merit Financial Group LLC Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Merit Financial Group LLC cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,109 shares of the consumer goods maker’s stock after selling 5,026 shares during the quarter. Merit Financial Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BUD. Brown Lisle Cummings Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 9.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,375 shares of the consumer goods maker’s stock worth $157,000 after purchasing an additional 197 shares during the period. First Personal Financial Services raised its stake in Anheuser-Busch InBev SA/NV by 51.3% in the third 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 in the last quarter. CHICAGO TRUST Co NA lifted its holdings in Anheuser-Busch InBev SA/NV by 2.2% during the third quarter. CHICAGO TRUST Co NA now owns 10,165 shares of the consumer goods maker’s stock worth $674,000 after buying an additional 217 shares during the period. AE Wealth Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 6.5% during the 2nd quarter. AE Wealth Management LLC now owns 4,540 shares of the consumer goods maker’s stock valued at $264,000 after acquiring an additional 278 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 0.4% in the 3rd 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 period. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BUD has been the subject of a number of analyst reports. TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $48.21 on Friday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The company has a market cap of $86.64 billion, a PE ratio of 14.88, a P/E/G ratio of 1.57 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. The business has a 50-day simple moving average of $51.40 and a two-hundred day simple moving average of $58.38.

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.