HighTower Advisors LLC Cuts Stake in Anheuser-Busch InBev SA/NV $BUD

Key Points

• HighTower Advisors LLC has reduced its stake in Anheuser-Busch InBev SA/NV by 18.2%, selling 8,758 shares and bringing its total holdings to 39,265 shares valued at approximately $2.4 million.
• Multiple institutional investors have altered their positions in Anheuser-Busch, with the Manufacturers Life Insurance Company and Northern Trust Corp increasing their stakes by 7.2% and 24.4%, respectively.
• Analysts have mixed ratings on Anheuser-Busch, with BNP Paribas upgrading the stock to "strong-buy," while others have revised their ratings down, indicating fluctuating market sentiment.

HighTower Advisors LLC lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,265 shares of the consumer goods maker's stock after selling 8,758 shares during the quarter. HighTower Advisors LLC's holdings in Anheuser-Busch InBev SA/NV were worth $2,417,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Garde Capital Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $37,000. ST Germain D J Co. Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $41,000. Rossby Financial LCC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $49,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth $40,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

Shares of BUD traded down $0.12 during trading hours on Thursday, hitting $62.67. The stock had a trading volume of 2,005,207 shares, compared to its average volume of 2,828,308. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a market cap of $112.63 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.77 and a beta of 0.79. The company's fifty day simple moving average is $65.54 and its 200 day simple moving average is $64.48. 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 earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analyst Ratings Changes

BUD has been the topic of several analyst reports. Wall Street Zen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a report on Sunday, May 18th. BNP Paribas upgraded 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 upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $70.10 to $88.00 in a report on Monday, May 12th. Three 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 company. According to data from MarketBeat, the stock has a consensus 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.