Jacobs & Co. CA Has $3.18 Million Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Jacobs & Co. CA lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,185 shares of the consumer goods maker’s stock after selling 3,816 shares during the period. Jacobs & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $3,178,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Anheuser-Busch InBev SA/NV by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 98,375 shares of the consumer goods maker’s stock worth $5,909,000 after buying an additional 7,887 shares during the last quarter. American Century Companies Inc. grew its stake in Anheuser-Busch InBev SA/NV by 8.2% during the first quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock worth $1,614,000 after buying an additional 2,028 shares during the last quarter. Citigroup Inc. grew its stake in Anheuser-Busch InBev SA/NV by 13.2% during the first quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock worth $3,468,000 after buying an additional 6,742 shares during the last quarter. Bank of Montreal Can grew its stake in Anheuser-Busch InBev SA/NV by 14.1% during the first quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock worth $2,154,000 after buying an additional 4,342 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Anheuser-Busch InBev SA/NV by 11.8% during the first quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock worth $21,384,000 after buying an additional 37,476 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 0.8 %

Anheuser-Busch InBev SA/NV stock opened at $60.84 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $62.21 and its two-hundred day moving average price is $60.41. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.09. The stock has a market cap of $105.69 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.84 and a beta of 1.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. During the same period in the prior year, the firm posted $0.98 EPS. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 3.47 EPS for the current year.

Wall Street Analyst Weigh In

BUD has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Anheuser-Busch InBev SA/NV from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. BNP Paribas lowered shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th. TD Cowen reduced their target price on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

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.