Douglass Winthrop Advisors LLC Reduces Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Douglass Winthrop Advisors LLC cut its position in Anheuser-Busch InBev SA/NV by 99.4%, selling 619,932 shares in the first quarter, leaving them with only 3,576 shares worth approximately $220,000.
• Analysts have mixed ratings on the company, with Goldman Sachs upgrading it to a "buy" rating and a price target increase to $88.00, while Wall Street Zen downgraded it from "buy" to "hold."
• Anheuser-Busch InBev reported earnings of $0.98 per share for the last quarter, exceeding estimates, despite a 2.1% decrease in revenue compared to the previous year.

Douglass Winthrop Advisors LLC trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 99.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,576 shares of the consumer goods maker's stock after selling 619,932 shares during the period. Douglass Winthrop Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BUD. The Manufacturers Life Insurance Company grew 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 acquiring an additional 505,206 shares during the last quarter. Two Sigma Advisers LP grew 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 acquiring an additional 241,300 shares during the last quarter. Alberta Investment Management Corp grew 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 acquiring an additional 193,800 shares during the last quarter. Raymond James Financial Inc. grew 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 acquiring an additional 184,749 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $8,887,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on BUD. Wall Street Zen cut shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Sunday, May 18th. 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. 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 stock from $70.10 to $88.00 in a research note on Monday, May 12th. Three investment 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 stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Buy" and an average target price of $71.50.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

Shares of BUD stock traded down $0.12 during trading hours on Thursday, hitting $62.67. 1,911,760 shares of the company were exchanged, compared to its average volume of 2,394,495. The firm has a market cap of $112.63 billion, a PE ratio of 17.60, a PEG ratio of 1.76 and a beta of 0.79. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $65.70 and a 200 day moving average of $64.39.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings results 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%. During the same period last year, the business earned $0.90 EPS. Anheuser-Busch InBev SA/NV's revenue was down 2.1% on a year-over-year basis. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

About Anheuser-Busch InBev SA/NV

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.