Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 31.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,109 shares of the consumer goods maker’s stock after selling 5,026 shares during the quarter. Merit Financial Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $556,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the third quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $27,000. First Personal Financial Services raised its position in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock worth $40,000 after buying an additional 205 shares during the last quarter. Mather Group LLC. lifted its stake in Anheuser-Busch InBev SA/NV by 96.6% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker’s stock valued at $43,000 after acquiring an additional 316 shares during the period. Finally, Anchor Investment Management LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock valued at $51,000 after acquiring an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 1.3 %

BUD stock opened at $48.21 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The company’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $58.38. The firm has a market cap of $86.64 billion, a P/E ratio of 14.88, a PEG ratio of 1.57 and a beta of 1.09.

Analysts Set New Price Targets

Several brokerages recently issued reports on BUD. Citigroup raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. TD Cowen lowered their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $64.00.

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.