First Manhattan CO. LLC. Has $22.11 Million Stake in Anheuser-Busch InBev SA/NV $BUD

First Manhattan CO. LLC. decreased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,265 shares of the consumer goods maker’s stock after selling 8,987 shares during the quarter. First Manhattan CO. LLC.’s holdings in Anheuser-Busch InBev SA/NV were worth $22,111,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Balanced Rock Investment Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 1.4% during the 4th quarter. Balanced Rock Investment Advisors LLC now owns 9,185 shares of the consumer goods maker’s stock worth $588,000 after buying an additional 130 shares during the period. Brucke Financial Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 2.9% in the 4th quarter. Brucke Financial Inc. now owns 6,235 shares of the consumer goods maker’s stock valued at $399,000 after acquiring an additional 178 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Anheuser-Busch InBev SA/NV by 0.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 46,080 shares of the consumer goods maker’s stock valued at $2,747,000 after acquiring an additional 189 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Anheuser-Busch InBev SA/NV by 79.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Anheuser-Busch InBev SA/NV by 7.6% in the 3rd quarter. National Bank of Canada FI now owns 3,535 shares of the consumer goods maker’s stock valued at $211,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $80.69 on Thursday. The business has a 50 day simple moving average of $78.64 and a 200 day simple moving average of $72.89. Anheuser-Busch InBev SA/NV has a 52-week low of $56.97 and a 52-week high of $84.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.57 and a current ratio of 0.72. The stock has a market cap of $157.38 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.33 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The business had revenue of $15.27 billion during the quarter. Analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

BUD has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on Anheuser-Busch InBev SA/NV from $84.00 to $93.83 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $93.42.

Anheuser-Busch InBev SA/NV Company 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.