Great Lakes Advisors LLC Lowers Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Great Lakes Advisors LLC lowered its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,967 shares of the consumer goods maker’s stock after selling 19,368 shares during the period. Great Lakes Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $16,648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $1,135,000. Janney Montgomery Scott LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 17.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,672 shares of the consumer goods maker’s stock valued at $1,452,000 after acquiring an additional 3,430 shares during the last quarter. Deutsche Bank AG acquired a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $9,875,000. Everett Harris & Co. CA boosted its holdings in Anheuser-Busch InBev SA/NV by 3.8% in the fourth quarter. Everett Harris & Co. CA now owns 245,815 shares of the consumer goods maker’s stock valued at $15,742,000 after acquiring an additional 8,917 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 13.4% in the fourth quarter. Cerity Partners LLC now owns 62,932 shares of the consumer goods maker’s stock valued at $4,030,000 after acquiring an additional 7,453 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BUD. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 5th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, June 5th. Wells Fargo & Company lifted their target price on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, May 19th. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.42.

Anheuser-Busch InBev SA/NV Trading Up 1.4%

Shares of BUD opened at $82.37 on Friday. The stock’s 50-day moving average is $77.80 and its two-hundred day moving average is $72.34. The stock has a market cap of $160.67 billion, a PE ratio of 22.51, a P/E/G ratio of 1.31 and a beta of 0.59. Anheuser-Busch InBev SA/NV has a 12 month low of $56.97 and a 12 month high of $84.46. 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 (NYSE:BUD) last issued its quarterly earnings data on Tuesday, March 31st. The consumer goods maker reported $0.97 EPS for the quarter. The company had revenue of $15.27 billion for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.