Bank of New York Mellon Corp Sells 10,576 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Bank of New York Mellon Corp reduced its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,915 shares of the consumer goods maker's stock after selling 10,576 shares during the quarter. Bank of New York Mellon Corp's holdings in Anheuser-Busch InBev SA/NV were worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its holdings in Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker's stock valued at $683,252,000 after buying an additional 587,329 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Anheuser-Busch InBev SA/NV by 22.8% in the third quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker's stock valued at $287,144,000 after purchasing an additional 803,257 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker's stock valued at $85,294,000 after purchasing an additional 35,757 shares in the last quarter. FMR LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 7.0% in the third quarter. FMR LLC now owns 732,459 shares of the consumer goods maker's stock valued at $48,555,000 after purchasing an additional 47,684 shares in the last quarter. Finally, Alberta Investment Management Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at $28,540,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $64.00.

Anheuser-Busch InBev SA/NV Trading Down 0.4 %

BUD traded down $0.25 during trading on Friday, reaching $62.80. The company had a trading volume of 2,131,029 shares, compared to its average volume of 1,751,042. The stock has a market cap of $112.86 billion, a P/E ratio of 19.38, a PEG ratio of 1.73 and a beta of 0.96. The business has a 50 day simple moving average of $54.41 and a 200-day simple moving average of $56.90. 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 quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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

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.