Brown Brothers Harriman & Co. Sells 1,980 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Brown Brothers Harriman & Co. cut its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,281 shares of the consumer goods maker’s stock after selling 1,980 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,212,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Douglass Winthrop Advisors LLC grew 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 in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock valued at $683,252,000 after buying an additional 587,329 shares during the last quarter. Cerity Partners LLC grew its stake in shares of 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 valued at $4,048,000 after buying an additional 23,348 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Anheuser-Busch InBev SA/NV by 39.5% during the third quarter. Raymond James Trust N.A. now owns 7,356 shares of the consumer goods maker’s stock worth $488,000 after buying an additional 2,082 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Anheuser-Busch InBev SA/NV by 37.7% during 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 acquiring an additional 15,837 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $53.92 on Wednesday. The firm has a market cap of $96.91 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. The business’s 50 day moving average is $61.69 and its 200-day moving average is $61.68. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 1-year low of $53.67 and a 1-year high of $67.49.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley boosted their price objective 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. Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price objective for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Finally, Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.