Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock Holdings Decreased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 23.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,534 shares of the consumer goods maker's stock after selling 29,045 shares during the quarter. Anheuser-Busch InBev SA/NV makes up 3.2% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 8th largest holding. Savoir Faire Capital Management L.P.'s holdings in Anheuser-Busch InBev SA/NV were worth $6,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth about $220,000. Natixis Advisors LLC grew its position in Anheuser-Busch InBev SA/NV by 3.0% in the 3rd quarter. Natixis Advisors LLC now owns 159,576 shares of the consumer goods maker's stock worth $10,578,000 after purchasing an additional 4,615 shares during the last quarter. Cable Hill Partners LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 5.6% in the third quarter. Cable Hill Partners LLC now owns 9,200 shares of the consumer goods maker's stock valued at $610,000 after purchasing an additional 484 shares during the period. MQS Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $323,000. Finally, Carrera Capital Advisors boosted its position in shares of Anheuser-Busch InBev SA/NV by 18.7% during the third quarter. Carrera Capital Advisors now owns 36,171 shares of the consumer goods maker's stock worth $2,398,000 after buying an additional 5,700 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD traded down $0.43 during trading hours on Tuesday, reaching $56.07. 2,721,442 shares of the company's stock were exchanged, compared to its average volume of 1,635,268. The company has a market capitalization of $100.77 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 12 month low of $55.43 and a 12 month high of $67.49. The business's 50-day simple moving average is $62.84 and its two-hundred day simple moving average is $61.97. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Analyst Ratings Changes

BUD has been the topic of several analyst reports. Morgan Stanley raised their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. TD Cowen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and upped their price objective for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Finally, Barclays raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.00.

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.