Altman Advisors Inc. Decreases Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Altman Advisors Inc. reduced its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 58.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,548 shares of the consumer goods maker's stock after selling 16,143 shares during the period. Altman Advisors Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $578,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Clarkston Capital Partners LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 30.3% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,493,842 shares of the consumer goods maker's stock worth $74,797,000 after acquiring an additional 347,000 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $56,849,000. Renaissance Technologies LLC raised its position in Anheuser-Busch InBev SA/NV by 27.9% in the 4th quarter. Renaissance Technologies LLC now owns 997,700 shares of the consumer goods maker's stock valued at $49,955,000 after buying an additional 217,700 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $37,311,000. Finally, Alberta Investment Management Corp acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $28,540,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 0.1 %

NYSE:BUD traded down $0.07 during trading hours on Tuesday, hitting $63.30. 1,726,658 shares of the company were exchanged, compared to its average volume of 1,855,974. The stock has a market capitalization of $113.76 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. The company has a fifty day simple moving average of $59.35 and a 200 day simple moving average of $56.61. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49.

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Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Anheuser-Busch InBev SA/NV Company Profile

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.