Pitcairn Co. Has $303,000 Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pitcairn Co. lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUDFree 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on BUD. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley boosted their target price on 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. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.00.

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About Anheuser-Busch InBev SA/NV

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report).

Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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