Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,923 shares of the consumer goods maker’s stock after selling 632 shares during the period. Jacobs & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at $27,000. First Personal Financial Services increased its position in shares of 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 valued at $40,000 after buying an additional 205 shares in the last quarter. Mather Group LLC. increased its position in shares of Anheuser-Busch InBev SA/NV by 96.6% in the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after buying an additional 316 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BUD shares. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Finally, TD Cowen dropped 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 report on Wednesday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $68.00.

Anheuser-Busch InBev SA/NV Trading Down 5.4 %

Shares of NYSE BUD traded down $2.65 during midday trading on Friday, hitting $46.38. The stock had a trading volume of 3,801,256 shares, compared to its average volume of 2,455,042. The company has a market capitalization of $83.35 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.68 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 1-year low of $46.25 and a 1-year high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $53.26 and a 200 day moving average price of $59.16.

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.