Douglas Lane & Associates LLC Sells 135,264 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Douglas Lane & Associates LLC decreased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,114,602 shares of the consumer goods maker’s stock after selling 135,264 shares during the period. Douglas Lane & Associates LLC owned 0.06% of Anheuser-Busch InBev SA/NV worth $55,808,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BUD. Fisher Asset Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after acquiring an additional 587,329 shares during the last quarter. Holocene Advisors LP grew its stake in Anheuser-Busch InBev SA/NV by 22.8% in the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares during the period. Douglass Winthrop Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after purchasing an additional 35,757 shares during the last quarter. Seafarer Capital Partners LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 11.2% during the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock worth $70,201,000 after purchasing an additional 107,000 shares during the period. Finally, Armistice Capital LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 19.5% in the 2nd quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock worth $48,788,000 after buying an additional 137,000 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

BUD traded down $0.24 on Wednesday, hitting $48.98. The company’s stock had a trading volume of 1,057,448 shares, compared to its average volume of 2,089,265. The company’s 50 day simple moving average is $53.75 and its 200-day simple moving average is $59.30. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 12 month low of $48.55 and a 12 month high of $67.49. The firm has a market cap of $88.03 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

Analyst Upgrades and Downgrades

BUD has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective 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 decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $68.00.

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.