Pitcairn Co. lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 7.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,575 shares of the consumer goods maker’s stock after selling 363 shares during the period. Pitcairn Co.’s holdings in Anheuser-Busch InBev SA/NV were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at about $26,000. GPS Wealth Strategies Group LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 39.7% during 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. Finally, Hantz Financial Services Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 5.53% of the company’s stock.
Anheuser-Busch InBev SA/NV Stock Performance
BUD stock opened at $54.06 on Thursday. The company has a 50 day moving average price of $61.50 and a 200 day moving average price of $61.63. Anheuser-Busch InBev SA/NV has a fifty-two week low of $53.67 and a fifty-two week high of $67.49. 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 stock has a market capitalization of $97.16 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.12.
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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.
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