Anheuser-Busch InBev SA/NV $BUD Stock Holdings Lessened by Cook & Bynum Capital Management LLC

Key Points

• Cook & Bynum Capital Management LLC has reduced its stake in Anheuser-Busch InBev SA/NV by 5.4%, now holding 403,914 shares, making it the firm's second largest holding.
• Several institutional investors, including Vontobel Holding Ltd. and GAMMA Investing LLC, have increased their positions in Anheuser-Busch InBev, indicating increased confidence in the stock.
• Despite a recent drop in stock price of 3.0%, Anheuser-Busch InBev reported better-than-expected earnings per share of $0.98 for the last quarter, surpassing analyst estimates.

Cook & Bynum Capital Management LLC cut its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 403,914 shares of the consumer goods maker's stock after selling 22,957 shares during the period. Anheuser-Busch InBev SA/NV comprises approximately 19.4% of Cook & Bynum Capital Management LLC's portfolio, making the stock its 2nd largest position. Cook & Bynum Capital Management LLC's holdings in Anheuser-Busch InBev SA/NV were worth $24,865,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BUD. NBC Securities Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $32,000. Garde Capital Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $37,000. Measured Risk Portfolios Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $40,000. ST Germain D J Co. Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $41,000. Finally, Rossby Financial LCC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth approximately $49,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BUD. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and upped their target price for the stock from $70.10 to $88.00 in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD traded up $0.10 during trading on Tuesday, hitting $59.53. 622,958 shares of the company's stock traded hands, compared to its average volume of 2,397,512. The stock has a market capitalization of $106.98 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.70 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The business has a 50 day moving average of $64.28 and a 200-day moving average of $65.03.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The business's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Company 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.