Fort Washington Investment Advisors Inc. OH cut its stake in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,280 shares of the consumer goods maker’s stock after selling 1,550 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Anheuser Busch Inbev were worth $347,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Anheuser Busch Inbev by 3.1% during the 2nd quarter. BlackRock Inc. now owns 279,860 shares of the consumer goods maker’s stock worth $28,199,000 after purchasing an additional 8,327 shares during the last quarter. First Hawaiian Bank acquired a new stake in Anheuser Busch Inbev during the 3rd quarter worth approximately $212,000. Rothschild Investment Corp IL acquired a new stake in Anheuser Busch Inbev during the 3rd quarter worth approximately $208,000. Seven Eight Capital LP acquired a new stake in Anheuser Busch Inbev during the 3rd quarter worth approximately $6,372,000. Finally, Stony Point Wealth Management Inc. raised its holdings in Anheuser Busch Inbev by 43.6% in the 3rd quarter. Stony Point Wealth Management Inc. now owns 4,309 shares of the consumer goods maker’s stock valued at $377,000 after acquiring an additional 1,309 shares in the last quarter. Institutional investors and hedge funds own 4.30% of the company’s stock.
BUD has been the subject of several analyst reports. Royal Bank of Canada raised Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 price objective for the company in a report on Monday, October 29th. They noted that the move was a valuation call. Macquarie cut Anheuser Busch Inbev from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Wednesday, October 31st. Argus cut Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, November 12th. Goldman Sachs Group cut Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Finally, Jefferies Financial Group cut Anheuser Busch Inbev from a “hold” rating to an “underperform” rating and set a $62.00 price objective for the company. in a report on Wednesday, January 16th. Five analysts have rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Anheuser Busch Inbev currently has an average rating of “Hold” and an average price target of $106.06.
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About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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