Advisory Services Network LLC Sells 11,042 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Advisory Services Network LLC decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 54.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,363 shares of the consumer goods maker's stock after selling 11,042 shares during the period. Advisory Services Network LLC's holdings in Anheuser-Busch InBev SA/NV were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 30.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock valued at $74,797,000 after acquiring an additional 347,000 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $56,849,000. Renaissance Technologies LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.9% in the fourth quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker's stock worth $49,955,000 after purchasing an additional 217,700 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth $37,311,000. Finally, Alberta Investment Management Corp purchased a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at $28,540,000. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded down $0.41 during mid-day trading on Monday, hitting $65.22. 624,616 shares of the stock were exchanged, compared to its average volume of 1,867,305. The firm has a 50-day moving average of $60.23 and a two-hundred day moving average of $56.52. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company has a market cap of $117.21 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. StockNews.com cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Thursday, March 27th. Finally, Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $66.00.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.