Mercer Global Advisors Inc. ADV Has $1.16 Million Position in The Boston Beer Company, Inc. (NYSE:SAM)

Mercer Global Advisors Inc. ADV increased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 17.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,136 shares of the company’s stock after buying an additional 168 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in The Boston Beer were worth $1,160,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SAM. Marshall Wace North America L.P. acquired a new position in The Boston Beer during the first quarter valued at approximately $59,000. FMR LLC grew its holdings in The Boston Beer by 29.0% during the first quarter. FMR LLC now owns 90,102 shares of the company’s stock valued at $26,555,000 after purchasing an additional 20,259 shares during the last quarter. First Trust Advisors LP grew its holdings in The Boston Beer by 3.5% during the first quarter. First Trust Advisors LP now owns 10,480 shares of the company’s stock valued at $3,089,000 after purchasing an additional 356 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in The Boston Beer by 10.4% during the first quarter. Commonwealth Equity Services LLC now owns 1,192 shares of the company’s stock valued at $1,437,000 after purchasing an additional 112 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in The Boston Beer by 23.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,424 shares of the company’s stock valued at $5,336,000 after purchasing an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Several equities analysts have commented on SAM shares. Credit Suisse Group lowered their price target on The Boston Beer from $1,281.00 to $965.00 and set an “outperform” rating on the stock in a report on Thursday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price target on The Boston Beer from $695.00 to $564.00 and set a “hold” rating on the stock in a report on Monday, September 13th. Evercore ISI lowered their price objective on shares of The Boston Beer from $950.00 to $700.00 and set an “outperform” rating on the stock in a research note on Thursday, September 9th. Cowen downgraded shares of The Boston Beer from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $825.00 to $400.00 in a research note on Wednesday, August 25th. Finally, Zacks Investment Research downgraded shares of The Boston Beer from a “hold” rating to a “strong sell” rating and set a $800.00 price objective on the stock. in a research note on Wednesday, July 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $834.31.

In other The Boston Beer news, Chairman C James Koch sold 2,500 shares of The Boston Beer stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $1,029.70, for a total transaction of $2,574,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 7,500 shares of company stock valued at $7,539,500. Company insiders own 24.30% of the company’s stock.

Shares of SAM stock opened at $520.84 on Wednesday. The stock has a market cap of $6.40 billion, a P/E ratio of 27.18 and a beta of 0.72. The Boston Beer Company, Inc. has a one year low of $508.50 and a one year high of $1,349.98. The stock has a fifty day moving average price of $655.66 and a 200 day moving average price of $946.81.

The Boston Beer (NYSE:SAM) last issued its earnings results on Wednesday, July 21st. The company reported $4.75 EPS for the quarter, missing the consensus estimate of $7.00 by ($2.25). The firm had revenue of $602.80 million during the quarter, compared to the consensus estimate of $657.65 million. The Boston Beer had a return on equity of 22.41% and a net margin of 11.14%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the business earned $4.88 earnings per share. Research analysts anticipate that The Boston Beer Company, Inc. will post 18.11 EPS for the current fiscal year.

The Boston Beer Profile

Boston Beer Co, Inc engages in the business of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head, and Craft Brewery. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for The Boston Beer (NYSE:SAM)

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