Headlands Technologies LLC Sells 41,754 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Key Points

• Headlands Technologies LLC has significantly reduced its stake in Anheuser-Busch InBev SA/NV by 67.8%, selling 41,754 shares and leaving it with 19,825 shares valued at approximately $1.22 million.
• Several other institutional investors, including Vontobel Holding Ltd. and Laurel Wealth Advisors LLC, have recently adjusted their positions, with some increasing their stakes in the company.
• Anheuser-Busch InBev reported a quarterly earnings per share of $0.98, surpassing analysts' expectations, although its revenue decreased by 2.1% year-over-year.

Headlands Technologies LLC lowered its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 67.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,825 shares of the consumer goods maker's stock after selling 41,754 shares during the period. Headlands Technologies LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,220,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $32,000. Garde Capital Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth about $37,000. Measured Risk Portfolios Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth about $40,000. ST Germain D J Co. Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter valued at approximately $41,000. Finally, Rossby Financial LCC bought a new position in Anheuser-Busch InBev SA/NV during the first quarter valued at about $49,000. Institutional investors own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BUD. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and increased their target price for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Finally, Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $71.50.

Anheuser-Busch InBev SA/NV Price Performance

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

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share 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%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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.