Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co reduced its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,506 shares of the consumer goods maker's stock after selling 32,074 shares during the period. Fayez Sarofim & Co's holdings in Anheuser-Busch InBev SA/NV were worth $5,884,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 28.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 5,890 shares of the consumer goods maker's stock worth $295,000 after purchasing an additional 1,296 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $273,000. Dimensional Fund Advisors LP lifted its stake in Anheuser-Busch InBev SA/NV by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 102,196 shares of the consumer goods maker's stock worth $5,117,000 after acquiring an additional 2,486 shares during the period. First Trust Advisors LP bought a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth about $585,000. Finally, Forum Financial Management LP increased its position in Anheuser-Busch InBev SA/NV by 144.8% during the 4th quarter. Forum Financial Management LP now owns 8,326 shares of the consumer goods maker's stock valued at $417,000 after purchasing an additional 4,925 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BUD has been the topic of a number of recent research reports. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective on the stock in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. StockNews.com lowered Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Berenberg Bank started coverage on Anheuser-Busch InBev SA/NV in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, TD Cowen reduced 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. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 1.0 %

Anheuser-Busch InBev SA/NV stock traded down $0.69 during midday trading on Wednesday, reaching $66.21. The company's stock had a trading volume of 1,518,778 shares, compared to its average volume of 1,863,337. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The stock has a market capitalization of $118.99 billion, a P/E ratio of 20.43, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The stock's 50-day simple moving average is $61.04 and its 200-day simple moving average is $56.65.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last released its 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. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The company had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.07 billion. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current 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.