Janney Montgomery Scott LLC Cuts Position in Anheuser Busch Inbev NV (BUD)

Janney Montgomery Scott LLC reduced its stake in Anheuser Busch Inbev NV (NYSE:BUD) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,588 shares of the consumer goods maker’s stock after selling 16,323 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Anheuser Busch Inbev were worth $3,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Anheuser Busch Inbev by 44.5% in the 3rd quarter. Franklin Resources Inc. now owns 7,714,058 shares of the consumer goods maker’s stock valued at $675,521,000 after buying an additional 2,377,177 shares during the last quarter. Clearbridge Investments LLC increased its stake in Anheuser Busch Inbev by 5.8% in the 3rd quarter. Clearbridge Investments LLC now owns 7,809,706 shares of the consumer goods maker’s stock valued at $683,896,000 after buying an additional 429,408 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Anheuser Busch Inbev by 446.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 391,204 shares of the consumer goods maker’s stock valued at $34,290,000 after buying an additional 319,654 shares during the last quarter. Morgan Stanley increased its stake in Anheuser Busch Inbev by 6.2% in the 3rd quarter. Morgan Stanley now owns 4,729,784 shares of the consumer goods maker’s stock valued at $414,186,000 after buying an additional 274,995 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Anheuser Busch Inbev by 108.7% in the 3rd quarter. SG Americas Securities LLC now owns 21,167 shares of the consumer goods maker’s stock valued at $1,854,000 after buying an additional 263,481 shares during the last quarter. 4.30% of the stock is currently owned by institutional investors and hedge funds.

BUD has been the topic of several recent research reports. Macquarie set a $92.00 price target on shares of Anheuser Busch Inbev and gave the company a “buy” rating in a research note on Tuesday, October 16th. Royal Bank of Canada upgraded shares of Anheuser Busch Inbev from a “sector perform” rating to an “outperform” rating and set a $102.29 price target on the stock in a research note on Monday, October 29th. They noted that the move was a valuation call. Argus lowered shares of Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Goldman Sachs Group lowered shares of Anheuser Busch Inbev from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Finally, Jefferies Financial Group lowered shares of Anheuser Busch Inbev from a “hold” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Wednesday, January 16th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $106.06.

Anheuser Busch Inbev stock opened at $76.35 on Wednesday. The stock has a market cap of $128.65 billion, a PE ratio of 18.90, a PEG ratio of 3.07 and a beta of 1.18. Anheuser Busch Inbev NV has a fifty-two week low of $64.54 and a fifty-two week high of $117.06. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.com-unik.info/2019/02/13/janney-montgomery-scott-llc-cuts-position-in-anheuser-busch-inbev-nv-bud.html.

About Anheuser Busch Inbev

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.

Featured Story: Can individual investors take part in an IPO?

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser Busch Inbev NV (NYSE:BUD).

Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

Receive News & Ratings for Anheuser Busch Inbev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit