Meridian Management Co. lowered its position in Anheuser Busch Inbev NV (NYSE:BUD) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,601 shares of the consumer goods maker’s stock after selling 950 shares during the period. Meridian Management Co.’s holdings in Anheuser Busch Inbev were worth $1,740,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation grew its holdings in shares of Anheuser Busch Inbev by 800.0% in the 3rd quarter. Zions Bancorporation now owns 882 shares of the consumer goods maker’s stock valued at $106,000 after acquiring an additional 784 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $112,000. Acropolis Investment Management LLC bought a new position in shares of Anheuser Busch Inbev in the 4th quarter valued at about $167,000. Spectrum Asset Management Inc. NB CA bought a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $200,000. Finally, South State Corp bought a new position in shares of Anheuser Busch Inbev in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 5.68% of the company’s stock.
Several equities research analysts have issued reports on the stock. Susquehanna Bancshares set a $129.00 price objective on shares of Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Societe Generale downgraded shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Deutsche Bank upgraded shares of Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Anheuser Busch Inbev in a research report on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Anheuser Busch Inbev presently has a consensus rating of “Hold” and an average price target of $126.53.
Shares of Anheuser Busch Inbev NV (NYSE:BUD) traded down $0.59 during trading hours on Wednesday, reaching $103.21. 2,072,020 shares of the company were exchanged, compared to its average volume of 1,929,933. The company has a market capitalization of $176,435.81, a PE ratio of 37.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.82 and a quick ratio of 0.71. Anheuser Busch Inbev NV has a fifty-two week low of $101.21 and a fifty-two week high of $126.50.
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Anheuser Busch Inbev Company Profile
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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