Everett Harris & Co. CA Lowers Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Everett Harris & Co. CA trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,297 shares of the consumer goods maker’s stock after selling 6,080 shares during the quarter. Everett Harris & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $17,790,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 82,251.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,048 shares of the consumer goods maker’s stock valued at $286,874,000 after acquiring an additional 4,772,246 shares during the period. Bill & Melinda Gates Foundation Trust acquired a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $96,594,000. DAVENPORT & Co LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 3,774.4% during the third quarter. DAVENPORT & Co LLC now owns 1,197,204 shares of the consumer goods maker’s stock worth $65,775,000 after purchasing an additional 1,166,304 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Anheuser-Busch InBev SA/NV by 11.6% in the third quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock worth $573,311,000 after buying an additional 1,077,724 shares during the period. Finally, Armistice Capital LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter valued at about $38,876,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the subject of a number of analyst reports. TD Cowen decreased their price target on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 5th. Deutsche Bank Aktiengesellschaft lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. Finally, BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.70.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD traded up $0.49 during mid-day trading on Wednesday, hitting $60.84. The stock had a trading volume of 1,719,126 shares, compared to its average volume of 2,155,977. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.09. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The company has a market cap of $105.69 billion, a PE ratio of 22.95, a PEG ratio of 1.84 and a beta of 1.13. The company’s fifty day simple moving average is $62.21 and its two-hundred day simple moving average is $60.41.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The firm had revenue of $14.47 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.47 earnings per share for the current year.

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.