Beach Investment Counsel Inc. PA Sells 10,250 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Beach Investment Counsel Inc. PA lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,540 shares of the consumer goods maker's stock after selling 10,250 shares during the period. Beach Investment Counsel Inc. PA's holdings in Anheuser-Busch InBev SA/NV were worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GFS Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 8.0% in the fourth quarter. GFS Advisors LLC now owns 211,825 shares of the consumer goods maker's stock valued at $10,606,000 after acquiring an additional 15,770 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 25.5% in the fourth quarter. OLD National Bancorp IN now owns 4,464 shares of the consumer goods maker's stock valued at $224,000 after purchasing an additional 907 shares in the last quarter. R Squared Ltd purchased a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $30,000. CKW Financial Group increased its position in Anheuser-Busch InBev SA/NV by 29.2% during the fourth quarter. CKW Financial Group now owns 2,325 shares of the consumer goods maker's stock worth $116,000 after buying an additional 525 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. grew its stake in Anheuser-Busch InBev SA/NV by 1.9% in the 4th quarter. Buttonwood Financial Advisors Inc. now owns 73,832 shares of the consumer goods maker's stock valued at $3,697,000 after buying an additional 1,378 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday, October 9th. TD Cowen reduced 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD traded up $0.42 during trading on Wednesday, hitting $49.12. The stock had a trading volume of 926,613 shares, compared to its average volume of 2,339,741. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a 50 day moving average price of $50.26 and a 200-day moving average price of $57.65. The firm has a market cap of $88.27 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.60 and a beta of 1.08.

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.