Commerce Bank Trims Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Commerce Bank lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.1% in the third quarter, HoldingsChannel.com reports. The firm owned 5,739 shares of the consumer goods maker’s stock after selling 248 shares during the period. Commerce Bank’s holdings in Anheuser-Busch InBev SA/NV were worth $380,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. West Family Investments Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $289,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at about $1,865,000. Pathstone Holdings LLC grew its position in Anheuser-Busch InBev SA/NV by 9.9% in the 3rd quarter. Pathstone Holdings LLC now owns 144,066 shares of the consumer goods maker’s stock valued at $9,550,000 after acquiring an additional 13,008 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $220,000. Finally, Natixis Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 3.0% during the third quarter. Natixis Advisors LLC now owns 159,576 shares of the consumer goods maker’s stock worth $10,578,000 after purchasing an additional 4,615 shares during the period. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $53.92 on Wednesday. The firm has a market capitalization of $96.91 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The business’s fifty day moving average price is $61.69 and its 200 day moving average price is $61.68. Anheuser-Busch InBev SA/NV has a 12 month low of $53.67 and a 12 month high of $67.49.

Analyst Ratings Changes

BUD has been the subject of a number of research reports. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Monday, September 30th. Morgan Stanley boosted their price target 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 upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.

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.