Ascent Group LLC Reduces Stock Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ascent Group LLC reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,733 shares of the consumer goods maker’s stock after selling 2,997 shares during the period. Ascent Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $2,104,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BUD. Ashton Thomas Securities LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $26,000. GPS Wealth Strategies Group LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the second 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 boosted its holdings in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $54.14 on Tuesday. The company’s 50-day moving average price is $61.12 and its 200-day moving average price is $61.44. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a market cap of $97.30 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.73 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a twelve month low of $53.16 and a twelve month high of $67.49.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BUD shares. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price target for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Morgan Stanley increased 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 report on Tuesday, September 10th. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Anheuser-Busch InBev SA/NV 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.