Anheuser-Busch InBev SA/NV $BUD Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its stake in Anheuser-Busch InBev SA/NV by 2.0% in the first quarter, owning 288,771 shares valued at $17.8 million after selling 5,926 shares.
• Several institutional investors purchased new positions in Anheuser-Busch InBev during the first quarter, totaling holdings by institutional investors at 5.53% of the company’s stock.
• Analysts have varied opinions on the stock, with Goldman Sachs upgrading it to “buy” and increasing the price target from $70.10 to $88.00, while Wall Street Zen downgraded it from “buy” to “hold”.

Great Lakes Advisors LLC cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,771 shares of the consumer goods maker's stock after selling 5,926 shares during the quarter. Great Lakes Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $17,777,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $32,000. Garde Capital Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $37,000. ST Germain D J Co. Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $41,000. Rossby Financial LCC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at $49,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at $40,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. 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 investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD traded down $0.66 on Friday, reaching $58.35. 1,937,250 shares of the company's stock traded hands, compared to its average volume of 1,975,122. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.65 and a beta of 0.79. The stock has a 50 day moving average price of $63.47 and a 200-day moving average price of $65.08. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

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