Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Holdings Decreased by Cibc World Market Inc.

Cibc World Market Inc. lowered its stake in Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 15.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,236 shares of the consumer goods maker’s stock after selling 956 shares during the period. Cibc World Market Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BUD. Cordasco Financial Network bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $34,000. Leelyn Smith LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $35,000. Tcwp LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $37,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $41,000. Institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BUD. Morgan Stanley decreased their price target on shares of Anheuser-Busch InBev SA/NV from €54.00 ($55.10) to €52.00 ($53.06) and set an “equal weight” rating for the company in a report on Tuesday, October 11th. Exane BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 6th. Jefferies Financial Group lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and decreased their price target for the company from $68.00 to $54.00 in a report on Monday, September 26th. Credit Suisse Group decreased their price target on shares of Anheuser-Busch InBev SA/NV from €58.00 ($59.18) to €56.00 ($57.14) and set a “neutral” rating for the company in a report on Friday, October 28th. Finally, HSBC raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $61.58.

Anheuser-Busch InBev SA/NV Trading Up 0.8 %

Shares of NYSE:BUD opened at $56.38 on Thursday. The company has a 50 day moving average of $49.07 and a 200-day moving average of $51.93. The firm has a market cap of $111.63 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.07 and a beta of 1.23. Anheuser-Busch InBev SA/NV has a twelve month low of $44.51 and a twelve month high of $67.91. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.99.

Anheuser-Busch InBev SA/NV Company Profile

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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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