Patriot Wealth Management Inc. lifted its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,664 shares of the consumer goods maker’s stock after purchasing an additional 11,464 shares during the quarter. Patriot Wealth Management Inc.’s holdings in Anheuser Busch Inbev were worth $7,214,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Evercore Wealth Management LLC purchased a new stake in Anheuser Busch Inbev in the 2nd quarter worth about $104,000. Zions Bancorporation lifted its stake in Anheuser Busch Inbev by 800.0% in the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock worth $106,000 after acquiring an additional 784 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in Anheuser Busch Inbev in the 3rd quarter worth about $112,000. Spectrum Asset Management Inc. NB CA acquired a new position in Anheuser Busch Inbev in the 3rd quarter worth about $200,000. Finally, South State Corp acquired a new position in Anheuser Busch Inbev in the 3rd quarter worth about $201,000. 5.62% of the stock is owned by institutional investors.
Shares of Anheuser Busch Inbev NV (NYSE:BUD) opened at $114.10 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30. Anheuser Busch Inbev NV has a 52-week low of $104.13 and a 52-week high of $126.50. The company has a market capitalization of $192,149.09 and a P/E ratio of 41.95.
Several brokerages have weighed in on BUD. Susquehanna Bancshares set a $129.00 target price on Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Societe Generale lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Deutsche Bank raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Anheuser Busch Inbev in a report on Tuesday, December 5th. Finally, Zacks Investment Research raised Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a report on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Anheuser Busch Inbev has an average rating of “Hold” and an average price target of $126.53.
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About Anheuser Busch Inbev
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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