Patten Group Inc. Sells 900 Shares of Anheuser Busch Inbev NV (NYSE:BUD)

Patten Group Inc. reduced its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 35.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,675 shares of the consumer goods maker’s stock after selling 900 shares during the period. Patten Group Inc.’s holdings in Anheuser Busch Inbev NV were worth $184,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC raised its position in Anheuser Busch Inbev NV by 4.5% in the first quarter. Proficio Capital Partners LLC now owns 7,302 shares of the consumer goods maker’s stock worth $866,000 after buying an additional 317 shares during the period. Marianas Fund Management LLC acquired a new position in Anheuser Busch Inbev NV during the first quarter worth approximately $3,282,000. Bank of Nova Scotia acquired a new position in Anheuser Busch Inbev NV during the first quarter worth approximately $3,403,000. Green Square Capital LLC increased its position in Anheuser Busch Inbev NV by 14.5% in the first quarter. Green Square Capital LLC now owns 2,364 shares of the consumer goods maker’s stock worth $259,000 after buying an additional 300 shares during the last quarter. Finally, Adalta Capital Management LLC purchased a new stake in shares of Anheuser Busch Inbev NV during the first quarter worth about $4,277,000.

Anheuser Busch Inbev NV (NYSE BUD) opened at 114.19 on Tuesday. Anheuser Busch Inbev NV has a 12 month low of $98.28 and a 12 month high of $136.08. The firm has a 50-day moving average of $116.15 and a 200 day moving average of $110.29. The firm has a market capitalization of $220.81 billion and a PE ratio of 83.41.

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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $132.00 target price on shares of Anheuser Busch Inbev NV in a research note on Monday, May 15th. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $103.00 target price (up previously from $101.00) on shares of Anheuser Busch Inbev NV in a report on Thursday, May 4th. Zacks Investment Research lowered Anheuser Busch Inbev NV from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 10th. Vetr lowered Anheuser Busch Inbev NV from a “hold” rating to a “sell” rating and set a $109.86 price objective for the company. in a report on Tuesday, April 25th. Finally, BidaskClub downgraded Anheuser Busch Inbev NV from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $125.81.

About Anheuser Busch Inbev NV

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.

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

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