Davenport Reduces $21M in Anheuser-Busch InBev SA/NV ($BUD)
Key Points
- Davenport changed its Anheuser-Busch InBev SA/NV ($BUD) stake by 12.18% last quarter, cutting to 1,827,154 shares worth $150.56 million.
- Wall Street's consensus rating on $BUD is Buy and an average price target of $97.03.
- $BUD last traded around $82.40.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Davenport reduced its position in Anheuser-Busch InBev SA/NV ($BUD) by 12.18% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,827,154 shares of Anheuser-Busch InBev SA/NV after selling 253,426 shares during the quarter. Davenport's holdings in Anheuser-Busch InBev SA/NV were worth $150.56 million as of its most recent filing.
Anheuser-Busch InBev SA/NV Stock Up 2.8%
Shares of Anheuser-Busch InBev SA/NV ($BUD) traded around $82.40 on Saturday, up 2.8% for the day.
Anheuser-Busch InBev SA/NV Earnings
Anheuser-Busch InBev SA/NV Dividend
Analysts Set New Price Targets
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments. The company also offers flavored malt beverages, soft drinks, spirit-based ready-to-drink cocktails and beverages, and energy drinks. In addition, it operates BEES, a business-to-business digital commerce platform; on-demand delivery platforms under the Zé Delivery and TaDa Delivery brands; and premium at-home draft system under the PerfectDraft brand. The company provides a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona Extra, Michelob Ultra, and Stella Artois; Aguila, Brahma, Carling Black Label, Cass Fresh, Jupiler, Quilmes, SKOL, and Victoria; Beck's, Hoegaarden, and Leffe; Antarctica, Bud Light, Castle, Castle Lite, Cristal, Harbin, Modelo Especial, Sedrin, and Skol brands, as well as non-beer brands comprising Brutal Fruit, Cutwater, and NÜTRL brands. The company was formerly known as InBev SA and changed its name to Anheuser-Busch InBev SA/NV in November 2008. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
Get Anheuser-Busch InBev SA/NV alerts
New 13F filings, insider trades, and analyst moves on $BUD, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.