Pittenger & Anderson Inc. Sells 16,575 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pittenger & Anderson Inc. trimmed its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 85.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,900 shares of the consumer goods maker’s stock after selling 16,575 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BUD. GPS Wealth Strategies Group LLC raised its stake in shares of 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 purchasing an additional 185 shares during the period. Blue Trust Inc. increased its stake in 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 acquiring 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 acquiring an additional 168 shares during the last quarter. Hantz Financial Services Inc. bought 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 position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $38,000. 5.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Anheuser-Busch InBev SA/NV Trading Up 0.5 %

Shares of BUD stock opened at $58.83 on Wednesday. The stock has a market capitalization of $105.73 billion, a PE ratio of 18.16, a P/E/G ratio of 1.63 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 1-year low of $57.09 and a 1-year high of $67.49. The business has a 50-day moving average of $63.83 and a 200 day moving average of $62.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

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.