TBH Global Asset Management LLC Sells 497 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

TBH Global Asset Management LLC trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,425 shares of the consumer goods maker’s stock after selling 497 shares during the quarter. TBH Global Asset Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BUD. Private Advisor Group LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 15,497 shares of the consumer goods maker’s stock worth $776,000 after buying an additional 2,458 shares during the period. Alberta Investment Management Corp acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth $28,540,000. Venturi Wealth Management LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 53.5% during the 4th quarter. Venturi Wealth Management LLC now owns 14,242 shares of the consumer goods maker’s stock valued at $713,000 after acquiring an additional 4,966 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 21.6% in the 4th quarter. Principal Securities Inc. now owns 3,519 shares of the consumer goods maker’s stock valued at $176,000 after purchasing an additional 626 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 33.0% in the 4th quarter. V Square Quantitative Management LLC now owns 6,653 shares of the consumer goods maker’s stock worth $335,000 after purchasing an additional 1,649 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Down 0.3 %

NYSE:BUD opened at $52.82 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. 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 stock has a market cap of $94.92 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.73 and a beta of 1.08. The stock has a 50-day moving average price of $49.88 and a two-hundred day moving average price of $56.97.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $64.00.

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.