Peapack Gladstone Financial Corp Sells 4,156 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Peapack Gladstone Financial Corp decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 45.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,922 shares of the consumer goods maker's stock after selling 4,156 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Anheuser-Busch InBev SA/NV were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 2,722.7% in the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker's stock worth $31,000 after buying an additional 599 shares during the period. Whipplewood Advisors LLC acquired a new position in Anheuser-Busch InBev SA/NV during the fourth quarter valued at $36,000. Empowered Funds LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth about $49,000. Finally, Hurley Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $49,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 1.2 %

Shares of BUD traded up $0.74 during trading hours on Monday, hitting $63.26. 1,322,610 shares of the company were exchanged, compared to its average volume of 1,851,086. 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 $113.69 billion, a PE ratio of 19.52, a PEG ratio of 1.73 and a beta of 0.80. The firm's 50 day moving average is $58.81 and its 200-day moving average is $56.58. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $67.49.

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

Analysts Set New Price Targets

A number of brokerages recently commented on BUD. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. TD Cowen reduced their price objective on 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 on the stock in a research report on Thursday, March 27th. 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 research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $66.00.

About Anheuser-Busch InBev SA/NV

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.