The Manufacturers Life Insurance Company Sells 345,630 Shares of Anheuser-Busch InBev SA/NV $BUD

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Anheuser-Busch InBev SA/NV by 4.6%, selling 345,630 shares and now owning 7,223,862 shares valued at approximately $444.7 million.
• Analyst ratings for Anheuser-Busch InBev show mixed sentiments, with Goldman Sachs upgrading the stock from a "neutral" to a "buy" rating, while other firms downgraded it, resulting in an average rating of "buy" and a target price of $71.50.
• Anheuser-Busch InBev reported earnings of $0.98 EPS, exceeding expectations but showing a 2.1% decline in quarterly revenue compared to the previous year.

The Manufacturers Life Insurance Company decreased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,223,862 shares of the consumer goods maker's stock after selling 345,630 shares during the quarter. The Manufacturers Life Insurance Company owned 0.40% of Anheuser-Busch InBev SA/NV worth $444,701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dodge & Cox increased its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% during the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker's stock worth $2,531,109,000 after purchasing an additional 1,119,308 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 7.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker's stock worth $171,767,000 after purchasing an additional 190,830 shares during the period. Clarkston Capital Partners LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 0.3% during the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker's stock worth $92,235,000 after purchasing an additional 4,455 shares during the period. Northern Trust Corp boosted its position in shares of Anheuser-Busch InBev SA/NV by 14.0% during the 1st quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker's stock valued at $59,562,000 after acquiring an additional 118,775 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 24.8% during the 1st quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker's stock valued at $57,246,000 after acquiring an additional 184,749 shares in the last quarter. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded down $1.74 during trading hours on Wednesday, reaching $59.63. 1,603,038 shares of the company were exchanged, compared to its average volume of 2,383,186. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The stock's fifty day moving average is $65.01 and its two-hundred day moving average is $64.77. The company has a market cap of $107.17 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.76 and a beta of 0.79. 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 earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) 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 quarter last year, the business earned $0.90 EPS. Anheuser-Busch InBev SA/NV's revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BUD. The Goldman Sachs Group upgraded shares of 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 research report on Monday, May 12th. Wall Street Zen lowered shares of Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Sunday, May 18th. Finally, 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 research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently 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.