Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Heron Bay Capital Management

Heron Bay Capital Management decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,049 shares of the consumer goods maker's stock after selling 5,202 shares during the period. Heron Bay Capital Management's holdings in Anheuser-Busch InBev SA/NV were worth $4,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its stake in Anheuser-Busch InBev SA/NV by 47.3% during the 4th quarter. Sei Investments Co. now owns 321,937 shares of the consumer goods maker's stock worth $16,116,000 after buying an additional 103,312 shares during the last quarter. American Century Companies Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 18.9% during the fourth quarter. American Century Companies Inc. now owns 214,637 shares of the consumer goods maker's stock worth $10,747,000 after acquiring an additional 34,059 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $2,378,000. Whittier Trust Co. acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at $168,000. Finally, Koss Olinger Consulting LLC raised its position in Anheuser-Busch InBev SA/NV by 2.3% in the 4th quarter. Koss Olinger Consulting LLC now owns 37,602 shares of the consumer goods maker's stock valued at $1,883,000 after purchasing an additional 862 shares during the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

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Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD traded up $0.23 during mid-day trading on Tuesday, reaching $61.76. The stock had a trading volume of 1,514,772 shares, compared to its average volume of 2,357,762. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The business has a 50 day simple moving average of $54.71 and a 200 day simple moving average of $56.85. The firm has a market capitalization of $110.99 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

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, beating the consensus estimate 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 return on equity of 15.29% and a net margin of 10.98%. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BUD. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. TD Cowen dropped their price target on 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. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV 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.