Creative Planning lessened its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 24.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,608 shares of the consumer goods maker’s stock after selling 7,602 shares during the period. Creative Planning’s holdings in Anheuser Busch Inbev were worth $1,554,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in BUD. Dubuque Bank & Trust Co. purchased a new position in Anheuser Busch Inbev during the fourth quarter worth about $26,000. Lavaca Capital LLC purchased a new stake in shares of Anheuser Busch Inbev in the 4th quarter valued at approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Anheuser Busch Inbev by 100.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,200 shares of the consumer goods maker’s stock valued at $79,000 after acquiring an additional 600 shares during the period. We Are One Seven LLC purchased a new stake in shares of Anheuser Busch Inbev in the 4th quarter valued at approximately $94,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Anheuser Busch Inbev by 128.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,120 shares of the consumer goods maker’s stock valued at $98,000 after acquiring an additional 629 shares during the period. Institutional investors own 4.35% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Societe Generale assumed coverage on shares of Anheuser Busch Inbev in a research note on Friday, February 1st. They issued a “hold” rating on the stock. Royal Bank of Canada raised shares of Anheuser Busch Inbev from an “outperform” rating to a “top pick” rating in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Jefferies Financial Group downgraded shares of Anheuser Busch Inbev from a “hold” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Wednesday, January 16th. Finally, Goldman Sachs Group downgraded shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Anheuser Busch Inbev presently has an average rating of “Hold” and a consensus target price of $106.06.
Shares of BUD opened at $76.15 on Friday. Anheuser Busch Inbev NV has a fifty-two week low of $64.54 and a fifty-two week high of $117.06. The company has a market cap of $130.21 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47.
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Anheuser Busch Inbev Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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