Douglas Lane & Associates LLC Trims Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

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

Several other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division raised its position in shares of Anheuser-Busch InBev SA/NV by 27.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 13,150 shares of the consumer goods maker’s stock worth $658,000 after buying an additional 2,850 shares in the last quarter. Tidal Investments LLC increased its stake in Anheuser-Busch InBev SA/NV by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker’s stock worth $1,237,000 after acquiring an additional 852 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $138,000. Anchor Investment Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 120.6% in the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after purchasing an additional 422 shares during the last quarter. Finally, Brophy Wealth Management LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $946,000. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 0.5 %

BUD traded down $0.24 on Wednesday, hitting $48.98. 1,057,448 shares of the company were exchanged, compared to its average volume of 2,089,265. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. 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 fifty day simple moving average of $53.75 and a two-hundred day simple moving average of $59.30. The stock has a market capitalization of $88.03 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BUD shares. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday. 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. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $68.00.

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.