JNBA Financial Advisors Sells 200 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

JNBA Financial Advisors reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,500 shares of the consumer goods maker’s stock after selling 200 shares during the quarter. JNBA Financial Advisors’ holdings in Anheuser-Busch InBev SA/NV were worth $99,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BUD. GPS Wealth Strategies Group LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Addison Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after purchasing an additional 168 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $35,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $38,000. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 2.7 %

BUD stock opened at $57.27 on Thursday. Anheuser-Busch InBev SA/NV has a 1-year low of $56.43 and a 1-year high of $67.49. 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 company has a market capitalization of $102.92 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.63 and a beta of 1.12. The business has a 50 day simple moving average of $63.75 and a two-hundred day simple moving average of $62.14.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BUD shares. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley boosted their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently 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.