Highland Capital Management LLC Lowers Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Highland Capital Management LLC lowered its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,270 shares of the consumer goods maker’s stock after selling 710 shares during the quarter. Highland Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,215,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Holocene Advisors LP boosted its position in shares of Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after purchasing an additional 803,257 shares during the period. Fisher Asset Management LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 6.0% during 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 buying an additional 587,329 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at $154,640,000. GFS Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 56,727.5% in the 3rd quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after buying an additional 195,710 shares during the period. Finally, Penn Davis Mcfarland Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 34.0% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker’s stock worth $23,409,000 after acquiring an additional 118,686 shares in 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

Shares of BUD opened at $49.83 on Friday. The firm has a market capitalization of $89.55 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.55 and a beta of 1.09. The firm’s fifty day simple moving average is $50.70 and its 200-day simple moving average is $57.99. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Wall Street Analyst Weigh In

BUD has been the topic of a number of recent research reports. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV 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.