Douglas Lane & Associates LLC Trims Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Douglas Lane & Associates LLC lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,249,866 shares of the consumer goods maker's stock after selling 26,727 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.07% of Anheuser-Busch InBev SA/NV worth $82,854,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker's stock worth $1,908,000 after acquiring an additional 354 shares during the period. Perpetual Ltd grew its holdings in Anheuser-Busch InBev SA/NV by 13.7% in the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker's stock worth $7,736,000 after purchasing an additional 15,364 shares during the period. OLD Mission Capital LLC bought a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at $4,046,000. Cetera Investment Advisers raised its holdings in shares of Anheuser-Busch InBev SA/NV by 287.8% during the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker's stock valued at $3,962,000 after purchasing an additional 48,376 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 57.0% during the 2nd quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker's stock worth $4,811,000 after purchasing an additional 30,052 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BUD. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and upped their price target for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley boosted their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. Evercore ISI raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research note on Monday, September 30th. Finally, Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.00.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.78 on Friday, reaching $64.85. 2,002,636 shares of the company traded hands, compared to its average volume of 1,621,825. 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 firm has a market capitalization of $116.55 billion, a PE ratio of 27.25, a PEG ratio of 1.77 and a beta of 1.10. The company has a 50 day moving average of $62.95 and a 200 day moving average of $61.70. Anheuser-Busch InBev SA/NV has a 52 week low of $52.36 and a 52 week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same period in the previous year, the company posted $0.72 earnings per share. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

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.