Park Avenue Securities LLC Sells 15,092 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Park Avenue Securities LLC reduced its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,870 shares of the consumer goods maker's stock after selling 15,092 shares during the period. Park Avenue Securities LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BUD. First Hawaiian Bank lifted its stake in shares of Anheuser-Busch InBev SA/NV by 27.7% during the 4th quarter. First Hawaiian Bank now owns 50,092 shares of the consumer goods maker's stock valued at $2,508,000 after buying an additional 10,870 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Anheuser-Busch InBev SA/NV by 27.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 13,150 shares of the consumer goods maker's stock valued at $658,000 after acquiring an additional 2,850 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 4.8% in the third quarter. Tidal Investments LLC now owns 18,654 shares of the consumer goods maker's stock worth $1,237,000 after acquiring an additional 852 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $138,000. Finally, Anchor Investment Management LLC raised its stake in Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker's stock valued at $51,000 after purchasing an additional 422 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BUD has been the subject of several recent analyst reports. Barclays upgraded Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Wednesday, October 9th. TD Cowen cut their target price 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 note on Wednesday, January 8th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a report on Tuesday, October 1st. Finally, Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of "Buy" and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.87 on Friday, reaching $47.99. The company's stock had a trading volume of 2,504,273 shares, compared to its average volume of 1,888,273. The company has a market capitalization of $86.25 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.09. The stock's fifty day simple moving average is $51.90 and its 200-day simple moving average is $58.64. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49.

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.