Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Pettee Investors Inc.

Pettee Investors Inc. reduced its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,038 shares of the consumer goods maker's stock after selling 4,123 shares during the quarter. Pettee Investors Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $252,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake 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 worth $683,252,000 after buying an additional 587,329 shares during the period. Holocene Advisors LP increased its stake in Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker's stock worth $287,144,000 after buying an additional 803,257 shares during the period. Douglass Winthrop Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 2.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,286,674 shares of the consumer goods maker's stock worth $85,294,000 after buying an additional 35,757 shares during the period. Seafarer Capital Partners LLC increased its stake in Anheuser-Busch InBev SA/NV by 11.2% during the 3rd quarter. Seafarer Capital Partners LLC now owns 1,059,000 shares of the consumer goods maker's stock worth $70,201,000 after buying an additional 107,000 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at approximately $37,311,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

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Anheuser-Busch InBev SA/NV Stock Down 1.1 %

Shares of NYSE BUD traded down $0.69 during mid-day trading on Monday, reaching $62.38. The company had a trading volume of 2,377,903 shares, compared to its average volume of 1,819,251. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $51.94 and a two-hundred day simple moving average of $56.79. The stock has a market cap of $112.10 billion, a P/E ratio of 19.25, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate 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 predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of recent analyst reports. TD Cowen dropped 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. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating, four have given 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 presently 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.