Everett Harris & Co. CA Reduces Position in Anheuser-Busch InBev SA/NV $BUD

Everett Harris & Co. CA decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 236,898 shares of the consumer goods maker’s stock after selling 7,230 shares during the period. Everett Harris & Co. CA’s holdings in Anheuser-Busch InBev SA/NV were worth $14,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 4.5% in the second quarter. Fisher Asset Management LLC now owns 10,663,933 shares of the consumer goods maker’s stock valued at $732,826,000 after purchasing an additional 454,621 shares during the last quarter. Bank of America Corp DE grew its holdings in Anheuser-Busch InBev SA/NV by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock valued at $229,831,000 after buying an additional 641,158 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Anheuser-Busch InBev SA/NV by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after acquiring an additional 265,783 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 2nd quarter worth $33,999,000. Finally, Bank of Montreal Can boosted its position in shares of Anheuser-Busch InBev SA/NV by 13.8% during the 2nd quarter. Bank of Montreal Can now owns 474,456 shares of the consumer goods maker’s stock valued at $32,605,000 after acquiring an additional 57,394 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $71.27 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The stock has a market capitalization of $139.16 billion, a P/E ratio of 23.29, a PEG ratio of 1.46 and a beta of 0.57. The company has a 50 day moving average price of $64.86 and a 200 day moving average price of $62.90. Anheuser-Busch InBev SA/NV has a fifty-two week low of $47.89 and a fifty-two week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The company had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were paid a dividend of $0.1722 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 7.84%.

Analyst Ratings Changes

Several research firms recently issued reports on BUD. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 7th. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.67.

About Anheuser-Busch InBev SA/NV

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.