Ledyard National Bank cut its holdings in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,621 shares of the consumer goods maker’s stock after selling 1,827 shares during the period. Ledyard National Bank’s holdings in Anheuser Busch Inbev were worth $4,197,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its stake in shares of Anheuser Busch Inbev by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 5,997,016 shares of the consumer goods maker’s stock valued at $669,027,000 after acquiring an additional 178,209 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Anheuser Busch Inbev by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,170,017 shares of the consumer goods maker’s stock worth $349,844,000 after purchasing an additional 352,595 shares during the last quarter. Elite Wealth Management Inc. bought a new position in Anheuser Busch Inbev during the 4th quarter worth $341,000. Fayez Sarofim & Co. raised its position in Anheuser Busch Inbev by 4.4% during the 3rd quarter. Fayez Sarofim & Co. now owns 1,134,543 shares of the consumer goods maker’s stock worth $135,351,000 after purchasing an additional 48,084 shares during the last quarter. Finally, Haverford Trust Co. raised its position in Anheuser Busch Inbev by 1.5% during the 3rd quarter. Haverford Trust Co. now owns 874,549 shares of the consumer goods maker’s stock worth $104,334,000 after purchasing an additional 13,158 shares during the last quarter. Hedge funds and other institutional investors own 5.68% of the company’s stock.
A number of brokerages have weighed in on BUD. Susquehanna Bancshares set a $129.00 price target on Anheuser Busch Inbev and gave the stock a “hold” rating in a report on Wednesday, October 25th. Societe Generale downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Deutsche Bank upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group set a $134.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus price target of $126.53.
Anheuser Busch Inbev NV (NYSE BUD) traded down $0.14 during trading on Wednesday, reaching $103.66. 1,650,989 shares of the company were exchanged, compared to its average volume of 1,911,042. Anheuser Busch Inbev NV has a fifty-two week low of $101.21 and a fifty-two week high of $126.50. The stock has a market cap of $176,435.81, a price-to-earnings 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.
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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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