HighTower Advisors LLC Sells 15,343 Shares of Anheuser-Busch InBev SA/NV $BUD

HighTower Advisors LLC trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 28.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,998 shares of the consumer goods maker’s stock after selling 15,343 shares during the quarter. HighTower Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 52.9% during the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after buying an additional 3,127 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Anheuser-Busch InBev SA/NV by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock worth $546,000 after acquiring an additional 642 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after purchasing an additional 265,783 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 45.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,945 shares of the consumer goods maker’s stock valued at $134,000 after buying an additional 609 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $1,557,000. 5.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

BUD has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 6th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $80.97 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $157.93 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.55. Anheuser-Busch InBev SA/NV has a twelve month low of $56.97 and a twelve month high of $81.56. The company has a 50-day simple moving average of $71.13 and a two-hundred day simple moving average of $64.73.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 11.53% and a return on equity of 15.67%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $15.48 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.