Douglas Lane & Associates LLC Trims Stock Position in Anheuser-Busch InBev SA/NV $BUD

Douglas Lane & Associates LLC reduced its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 535,313 shares of the consumer goods maker’s stock after selling 159,723 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $39,329,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Archer Investment Corp bought a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $32,000. First Horizon Corp lifted its stake in Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after buying an additional 230 shares in the last quarter. Western Wealth Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $36,000. Finally, Continuum Advisory LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 0.5%

Shares of NYSE BUD traded down $0.39 during mid-day trading on Friday, hitting $77.02. The company had a trading volume of 603,123 shares, compared to its average volume of 2,120,903. The company has a market capitalization of $155.52 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.08 and a beta of 0.57. The firm has a 50-day simple moving average of $78.93 and a two-hundred day simple moving average of $78.68. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a one year low of $58.96 and a one year high of $86.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. The firm had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BUD shares. Weiss Ratings downgraded shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. TD Cowen upped their target price on shares of Anheuser-Busch InBev SA/NV from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company lowered their target price on Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.83.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV is a global brewer headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic beverages through a portfolio of international, regional and local brands. Its best-known brands include Budweiser, Corona, Stella Artois, Michelob Ultra, Beck’s, Hoegaarden and Brahma, along with numerous country-specific offerings.

The company serves consumers across the Americas, Europe, Africa and Asia-Pacific through a broad network of breweries, distribution operations and commercial partnerships.