Douglass Winthrop Advisors LLC Trims Stock Position 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 stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 99.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth $3,637,000. NewEdge Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 12.5% in the 4th quarter. NewEdge Advisors LLC now owns 8,227 shares of the consumer goods maker's stock worth $412,000 after buying an additional 912 shares in the last quarter. First Trust Advisors LP purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth $585,000. Dimensional Fund Advisors LP increased its stake in Anheuser-Busch InBev SA/NV by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 102,196 shares of the consumer goods maker's stock worth $5,117,000 after buying an additional 2,486 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 28.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 5,890 shares of the consumer goods maker's stock worth $295,000 after buying an additional 1,296 shares in the last quarter. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

Shares of NYSE:BUD traded down $0.11 during trading on Friday, reaching $62.53. The company's stock had a trading volume of 416,871 shares, compared to its average volume of 2,385,116. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio 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 firm's 50 day simple moving average is $65.54 and its two-hundred day simple moving average is $64.48. The stock has a market capitalization of $112.38 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.79.

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, 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%. During the same period last year, the company posted $0.90 EPS. Anheuser-Busch InBev SA/NV's quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report 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 report 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 increased their price objective for the company from $70.10 to $88.00 in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of "Buy" and an average price target of $71.50.

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.