Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 53.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,242 shares of the consumer goods maker’s stock after buying an additional 4,966 shares during the quarter. Venturi Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after purchasing an additional 15,837 shares during the period. Fisher Asset Management LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 6.0% in the third quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after purchasing an additional 587,329 shares during the period. Blue Trust Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 15.8% in the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after purchasing an additional 464 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Anheuser-Busch InBev SA/NV in the third quarter worth $1,865,000. Finally, Cerity Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 61.9% in the third quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock worth $4,048,000 after purchasing an additional 23,348 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock opened at $52.82 on Thursday. 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 stock has a market capitalization of $94.92 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.73 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The stock’s fifty day moving average is $49.88 and its two-hundred day moving average is $56.97.

Analysts Set New Price Targets

Separately, TD Cowen decreased their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $64.00.

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.