Schwerin Boyle Capital Management Inc. Sells 4,454 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• Schwerin Boyle Capital Management Inc. reduced its stake in Anheuser-Busch InBev by 7.8%, selling 4,454 shares during the first quarter and now holding 52,761 shares worth approx. $3.25 million.
• Several institutional investors increased their positions in Anheuser-Busch InBev in Q1, including a 224.7% increase from Sequoia Financial Advisors and new acquisitions from ABC Arbitrage and Pinnacle Financial Partners.
• Analysts have mixed ratings on Anheuser-Busch InBev, with BNP Paribas upgrading the stock to "strong-buy" while the overall consensus remains a "buy" with an average target price of $71.50.

Schwerin Boyle Capital Management Inc. lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,761 shares of the consumer goods maker's stock after selling 4,454 shares during the quarter. Schwerin Boyle Capital Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox increased its position in Anheuser-Busch InBev SA/NV by 2.8% in the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker's stock valued at $2,531,109,000 after acquiring an additional 1,119,308 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Anheuser-Busch InBev SA/NV by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,569,492 shares of the consumer goods maker's stock valued at $379,004,000 after acquiring an additional 505,206 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Anheuser-Busch InBev SA/NV by 7.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker's stock valued at $171,767,000 after acquiring an additional 190,830 shares in the last quarter. Clarkston Capital Partners LLC increased its position in Anheuser-Busch InBev SA/NV by 0.3% in the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker's stock valued at $92,235,000 after acquiring an additional 4,455 shares in the last quarter. Finally, Northern Trust Corp increased its position in Anheuser-Busch InBev SA/NV by 14.0% in the 1st quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker's stock valued at $59,562,000 after acquiring an additional 118,775 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Wall Street Analysts Forecast Growth

BUD has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price objective for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

NYSE BUD traded down $0.12 during trading on Thursday, reaching $62.67. 2,005,207 shares of the stock traded hands, compared to its average volume of 2,828,308. The firm has a market cap of $112.63 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79. The stock's 50-day moving average price is $65.70 and its 200 day moving average price is $64.39. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current 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.