Anheuser-Busch InBev SA/NV $BUD Shares Sold by Berkshire Asset Management LLC PA

Key Points

• Berkshire Asset Management LLC PA has reduced its stake in Anheuser-Busch InBev SA/NV by 70.4%, selling 14,078 shares to hold a total of 5,922 shares valued at approximately $397,000.
• Several hedge funds, including Northern Trust Corp and Brooklyn Investment Group, have increased their stakes in Anheuser-Busch InBev, indicating a diverse institutional interest in the company's stock.
• Anheuser-Busch InBev reported an earnings per share (EPS) of $0.98 for the last quarter, surpassing analysts' estimates, while its revenue showed a decline of 2.1% compared to the previous year.

Berkshire Asset Management LLC PA reduced its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 70.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,922 shares of the consumer goods maker's stock after selling 14,078 shares during the quarter. Berkshire Asset Management LLC PA's holdings in Anheuser-Busch InBev SA/NV were worth $397,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake 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 buying an additional 505,206 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Anheuser-Busch InBev SA/NV by 237.0% in the 4th quarter. Two Sigma Advisers LP now owns 343,102 shares of the consumer goods maker's stock valued at $17,179,000 after buying an additional 241,300 shares in the last quarter. Alberta Investment Management Corp lifted its stake in Anheuser-Busch InBev SA/NV by 34.0% in the 1st quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker's stock valued at $47,020,000 after buying an additional 193,800 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 24.8% in the 1st quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker's stock valued at $57,246,000 after buying an additional 184,749 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $8,887,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

BUD traded down $0.6670 during trading on Monday, reaching $63.1930. The company's stock had a trading volume of 669,797 shares, compared to its average volume of 2,399,134. The firm has a fifty day simple moving average of $66.18 and a two-hundred day simple moving average of $64.33. The company has a market cap of $113.57 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.80 and a beta of 0.79. 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 1 year low of $45.94 and a 1 year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping 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%. Anheuser-Busch InBev SA/NV's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

BUD has been the topic of a number of research reports. 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. 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 raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price target for the company from $70.10 to $88.00 in a research note on Monday, May 12th. Three 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 company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and a consensus target price of $71.50.

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.