Oppenheimer & Co. Inc. Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Oppenheimer & Co. Inc. lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 20.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,373 shares of the consumer goods maker’s stock after selling 2,182 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $26,000. GPS Wealth Strategies Group LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Blue Trust Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the last quarter. Addison Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the second quarter worth $35,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 1.6 %

NYSE BUD opened at $55.19 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $62.49 and a two-hundred day simple moving average of $61.90. Anheuser-Busch InBev SA/NV has a 12-month low of $54.78 and a 12-month high of $67.49. The stock has a market cap of $99.19 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.80 and a beta of 1.12.

Analysts Set New Price Targets

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

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.