Everett Harris & Co. CA Sells 8,965 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Everett Harris & Co. CA reduced its stake in Anheuser-Busch InBev SA/NV by 3.6%, now holding 240,686 shares valued at approximately $14.82 million.
• Anheuser-Busch InBev recently reported $0.98 EPS for the last quarter, surpassing analysts' expectations of $0.94, even though revenue decreased 2.1% year-over-year.
• Analysts have mixed views on the stock with a consensus rating of "Buy", while Goldman Sachs upgraded its rating from "neutral" to "buy" with a target price increase to $88.00.

Everett Harris & Co. CA reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 240,686 shares of the consumer goods maker's stock after selling 8,965 shares during the period. Everett Harris & Co. CA's holdings in Anheuser-Busch InBev SA/NV were worth $14,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $32,000. Garde Capital Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $37,000. ST Germain D J Co. Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at about $41,000. Rossby Financial LCC purchased a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $49,000. Finally, Measured Risk Portfolios Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $40,000. 5.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and lifted their target price for the company from $70.10 to $88.00 in a report on Monday, May 12th. BNP Paribas raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded up $0.64 during trading hours on Friday, reaching $61.99. 2,112,401 shares of the company's stock traded hands, compared to its average volume of 2,758,715. The stock has a market cap of $111.41 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The firm's 50 day simple moving average is $67.99 and its 200-day simple moving average is $63.34. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.21% and a net margin of 12.16%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS 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.