159,723 Anheuser-Busch InBev SA/NV $BUD Shares Sold by Douglas Lane & Associates LLC

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

A number of other institutional investors and hedge funds also recently modified their holdings of BUD. Wellington Management Group LLP lifted its stake in Anheuser-Busch InBev SA/NV by 10,464.1% in the 2nd quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker’s stock valued at $262,876,000 after purchasing an additional 3,160,049 shares during the last quarter. Renaissance Technologies LLC increased its position in Anheuser-Busch InBev SA/NV by 64.7% during the first quarter. Renaissance Technologies LLC now owns 810,874 shares of the consumer goods maker’s stock worth $56,250,000 after buying an additional 318,600 shares during the last quarter. NewEdge Advisors LLC raised its stake in Anheuser-Busch InBev SA/NV by 7,474.5% in the 2nd quarter. NewEdge Advisors LLC now owns 522,643 shares of the consumer goods maker’s stock valued at $43,066,000 after acquiring an additional 515,743 shares during the period. First Trust Advisors LP lifted its holdings in Anheuser-Busch InBev SA/NV by 5.1% during the 1st quarter. First Trust Advisors LP now owns 601,440 shares of the consumer goods maker’s stock valued at $41,722,000 after purchasing an additional 29,124 shares during the last quarter. Finally, Cook & Bynum Capital Management LLC bought a new position in Anheuser-Busch InBev SA/NV during the second quarter worth $33,282,514. 5.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BUD. Bank of America reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Wells Fargo & Company reduced their target price on shares of 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 reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.83.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of NYSE:BUD traded down $0.39 on Friday, reaching $77.02. 603,123 shares of the company’s stock were exchanged, compared to its average volume of 2,120,903. Anheuser-Busch InBev SA/NV has a twelve month low of $58.96 and a twelve month high of $86.60. The company has a fifty day moving average of $78.93 and a 200-day moving average of $78.68. The company has a market capitalization of $155.52 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.08 and a beta of 0.57. 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 (NYSE:BUD) last released its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The company had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $16.23 billion. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 4.38 EPS for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.