Douglas Lane & Associates LLC Decreases Stock Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Douglas Lane & Associates LLC reduced its holdings in Anheuser-Busch InBev by 5.9%, resulting in ownership of 970,173 shares worth about $66.67 million.
• Despite a 12.16% net margin, Anheuser-Busch InBev reported a 2.1% decline in revenue year-over-year and an EPS of $0.98, surpassing analysts' expectations.
• Anheuser-Busch InBev received various ratings from analysts, including a fresh "strong-buy" rating from BNP Paribas, while the company has a current consensus rating of "Buy".

Douglas Lane & Associates LLC trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 970,173 shares of the consumer goods maker's stock after selling 60,682 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.05% of Anheuser-Busch InBev SA/NV worth $66,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. ABC Arbitrage SA acquired a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $1,731,000. Sequoia Financial Advisors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 224.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock valued at $1,555,000 after acquiring an additional 17,476 shares during the period. Merit Financial Group LLC grew its stake in Anheuser-Busch InBev SA/NV by 31.7% in the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker's stock worth $901,000 after acquiring an additional 3,526 shares during the period. Vident Advisory LLC acquired a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at $310,000. Finally, Pinnacle Financial Partners Inc acquired a new position in Anheuser-Busch InBev SA/NV in the 1st quarter worth $2,341,000. Institutional investors own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BNP Paribas raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday. Royal Bank Of Canada reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Up 1.2%

Shares of BUD traded up $0.73 during trading hours on Friday, hitting $59.31. The company had a trading volume of 1,264,164 shares, compared to its average volume of 2,387,498. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The firm has a fifty day moving average price of $62.72 and a 200-day moving average price of $64.97. The stock has a market capitalization of $106.59 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.66 and a beta of 0.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

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