Jacobs & Co. CA Cuts Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Jacobs & Co. CA trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,923 shares of the consumer goods maker’s stock after selling 632 shares during the period. Jacobs & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $296,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake 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 valued at $683,252,000 after purchasing an additional 587,329 shares during the last quarter. Holocene Advisors LP increased its stake in Anheuser-Busch InBev SA/NV by 22.8% in the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock valued at $287,144,000 after purchasing an additional 803,257 shares during the last quarter. Douglass Winthrop Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 2.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker’s stock valued at $85,294,000 after purchasing an additional 35,757 shares during the last quarter. Seafarer Capital Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 11.2% in the third quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker’s stock valued at $70,201,000 after purchasing an additional 107,000 shares during the last quarter. Finally, Armistice Capital LLC increased its stake in Anheuser-Busch InBev SA/NV by 19.5% in the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after purchasing an additional 137,000 shares during the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock traded down $2.65 during midday trading on Friday, reaching $46.38. The company’s stock had a trading volume of 3,801,256 shares, compared to its average volume of 2,455,042. Anheuser-Busch InBev SA/NV has a fifty-two week low of $46.25 and a fifty-two week high of $67.49. 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’s 50 day simple moving average is $53.26 and its 200 day simple moving average is $59.16. The firm has a market capitalization of $83.35 billion, a PE ratio of 14.31, a P/E/G ratio of 1.68 and a beta of 1.09.

Analysts Set New Price Targets

BUD has been the topic of several recent analyst reports. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, TD Cowen decreased their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Buy” and a consensus target price of $68.00.

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.