Jacobs & Co. CA grew its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,025 shares of the consumer goods maker’s stock after buying an additional 1,542 shares during the quarter. Jacobs & Co. CA’s holdings in Anheuser Busch Inbev were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Goodwin Daniel L bought a new position in Anheuser Busch Inbev during the 4th quarter worth $892,000. Fieldpoint Private Securities LLC increased its position in Anheuser Busch Inbev by 332.7% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 2,380 shares of the consumer goods maker’s stock worth $284,000 after buying an additional 1,830 shares during the period. Port Capital LLC bought a new position in Anheuser Busch Inbev during the 4th quarter worth $5,610,000. US Bancorp DE increased its position in Anheuser Busch Inbev by 2.3% during the 4th quarter. US Bancorp DE now owns 237,068 shares of the consumer goods maker’s stock worth $26,447,000 after buying an additional 5,412 shares during the period. Finally, Adviser Investments LLC bought a new position in Anheuser Busch Inbev during the 3rd quarter worth $298,000. Hedge funds and other institutional investors own 5.58% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Susquehanna Bancshares set a $129.00 price objective on Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. lowered their price objective on Anheuser Busch Inbev from $106.68 to $98.72 and set an “underweight” rating on the stock in a research report on Thursday, February 15th. Jefferies Group set a $134.00 price objective on Anheuser Busch Inbev and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Societe Generale cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $123.05.
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Anheuser Busch Inbev Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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