Y Intercept Hong Kong Ltd Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Y Intercept Hong Kong Ltd lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 57.2% 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 15,878 shares of the consumer goods maker's stock after selling 21,186 shares during the period. Y Intercept Hong Kong Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $795,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $27,000. R Squared Ltd purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth about $30,000. First Personal Financial Services lifted its stake in shares of Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock valued at $40,000 after purchasing an additional 205 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at approximately $49,000. Institutional investors own 5.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BUD. TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a research note 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 note on Monday. One investment 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 stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Performance

BUD stock traded up $0.66 during midday trading on Tuesday, reaching $61.40. 2,581,878 shares of the company's stock traded hands, compared to its average volume of 1,801,003. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. 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 cap of $110.34 billion, a P/E ratio of 18.96, a PEG ratio of 1.73 and a beta of 1.08. The stock's 50-day moving average is $50.74 and its 200 day moving average is $56.74.

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 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.07 billion. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

About Anheuser-Busch InBev SA/NV

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.