Corient Private Wealth LLC Sells 4,486 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Corient Private Wealth LLC reduced its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,415 shares of the consumer goods maker's stock after selling 4,486 shares during the quarter. Corient Private Wealth LLC's holdings in Anheuser-Busch InBev SA/NV were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $220,000. Charles Schwab Investment Management Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 37.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock worth $3,836,000 after buying an additional 15,837 shares in the last quarter. Cerity Partners LLC increased its holdings in Anheuser-Busch InBev SA/NV by 61.9% in the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker's stock valued at $4,048,000 after buying an additional 23,348 shares during the period. Bank of Montreal Can raised its stake in shares of Anheuser-Busch InBev SA/NV by 4.2% in the 3rd quarter. Bank of Montreal Can now owns 142,216 shares of the consumer goods maker's stock valued at $9,385,000 after buying an additional 5,681 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 7.0% during the 3rd quarter. FMR LLC now owns 732,459 shares of the consumer goods maker's stock worth $48,555,000 after acquiring an additional 47,684 shares during the period. 5.53% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

BUD has been the subject of several recent research reports. TD Cowen dropped their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and an average target price of $66.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD traded down $0.55 during mid-day trading on Monday, hitting $61.49. 2,383,422 shares of the stock were exchanged, compared to its average volume of 2,362,115. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The stock's fifty day simple moving average is $55.90 and its two-hundred day simple moving average is $56.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a market cap of $110.51 billion, a P/E ratio of 18.98, a PEG ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.