HBK Investments L P Sells 214,600 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

HBK Investments L P trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 27.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 572,152 shares of the consumer goods maker’s stock after selling 214,600 shares during the period. Anheuser-Busch InBev SA/NV accounts for 0.6% of HBK Investments L P’s investment portfolio, making the stock its 14th biggest position. HBK Investments L P’s holdings in Anheuser-Busch InBev SA/NV were worth $37,928,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $26,000. GPS Wealth Strategies Group LLC boosted its holdings 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 worth $32,000 after purchasing an additional 185 shares in 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 shares of 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 in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $35,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $54.08 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. The stock has a fifty day moving average of $61.30 and a 200 day moving average of $61.58. The firm has a market capitalization of $97.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.76 and a beta of 1.12. Anheuser-Busch InBev SA/NV has a 52 week low of $53.67 and a 52 week high of $67.49.

Analyst Ratings Changes

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

Anheuser-Busch InBev SA/NV Company 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.