Dodge & Cox Sells 1,931,321 Shares of Anheuser-Busch InBev SA/NV $BUD

Dodge & Cox lessened its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,546,221 shares of the consumer goods maker’s stock after selling 1,931,321 shares during the period. Dodge & Cox’s holdings in Anheuser-Busch InBev SA/NV were worth $2,178,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in shares of Anheuser-Busch InBev SA/NV by 150.6% in the third quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker’s stock valued at $70,869,000 after buying an additional 714,420 shares during the last quarter. Bank of America Corp DE grew its holdings in Anheuser-Busch InBev SA/NV by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after acquiring an additional 641,158 shares during the last quarter. First Trust Advisors LP grew its holdings in Anheuser-Busch InBev SA/NV by 535.6% during the 3rd quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker’s stock worth $38,962,000 after acquiring an additional 550,774 shares during the last quarter. Holocene Advisors LP acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $33,999,000. Finally, Fisher Asset Management LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 4.5% in the second quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock worth $732,826,000 after acquiring an additional 454,621 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.6%

Anheuser-Busch InBev SA/NV stock opened at $72.35 on Friday. The firm has a market capitalization of $141.11 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.21 and a beta of 0.54. The company’s 50 day simple moving average is $73.17 and its 200 day simple moving average is $65.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. Anheuser-Busch InBev SA/NV has a fifty-two week low of $56.97 and a fifty-two week high of $81.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.48 billion. Anheuser-Busch InBev SA/NV had a net margin of 11.53% and a return on equity of 15.67%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 6th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.00.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.