Anheuser-Busch InBev SA/NV (NYSE:BUD) Holdings Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 53.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,242 shares of the consumer goods maker’s stock after acquiring an additional 4,966 shares during the period. Venturi Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Securities Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 21.6% during the fourth 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 in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 33.0% during the fourth quarter. V Square Quantitative Management LLC now owns 6,653 shares of the consumer goods maker’s stock valued at $335,000 after purchasing an additional 1,649 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $376,000. Empowered Funds LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $49,000. Finally, Golden State Wealth Management LLC acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $98,000. 5.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $52.82 on Thursday. The business’s 50-day moving average price is $49.88 and its 200 day moving average price is $56.97. The firm has a market cap of $94.92 billion, a P/E ratio of 16.30, a PEG ratio of 1.73 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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.