Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,483 shares of the consumer goods maker’s stock after selling 1,105 shares during the period. Aigen Investment Management LP’s holdings in Anheuser-Busch InBev SA/NV were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BUD. Addison Advisors LLC grew 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 valued at $34,000 after acquiring an additional 168 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 15.1% during the 2nd quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after purchasing an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position 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 worth $32,000 after purchasing an additional 185 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after buying an additional 186 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Anheuser-Busch InBev SA/NV by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the subject of a number of analyst reports. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price target for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $56.36 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm has a market capitalization of $101.29 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a one year low of $55.43 and a one year high of $67.49. The company has a 50 day moving average price of $63.26 and a 200 day moving average price of $62.03.

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.