PDS Planning Inc Decreases Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

PDS Planning Inc cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,486 shares of the consumer goods maker’s stock after selling 416 shares during the quarter. PDS Planning Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after purchasing an additional 378 shares during the last quarter. Addison Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares during the period. Hantz Financial Services Inc. purchased a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $35,000. Finally, Valley Wealth Managers Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $38,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $58.55 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market capitalization of $105.23 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.12. The firm’s 50-day moving average is $63.89 and its two-hundred day moving average is $62.17. Anheuser-Busch InBev SA/NV has a 12 month low of $57.09 and a 12 month high of $67.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BUD shares. Citigroup raised 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 report on Monday, September 30th. Morgan Stanley increased their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. TD Cowen lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price target for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Company Profile

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.