Northwestern Mutual Wealth Management Co. Sells 68 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAMGet Rating) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891 shares of the company’s stock after selling 68 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Boston Beer were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in Boston Beer by 166.7% during the 1st quarter. Meeder Asset Management Inc. now owns 72 shares of the company’s stock worth $28,000 after acquiring an additional 45 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Boston Beer by 88.2% in the 2nd quarter. National Bank of Canada FI now owns 96 shares of the company’s stock valued at $29,000 after buying an additional 45 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Boston Beer by 733.3% in the 2nd quarter. Activest Wealth Management now owns 125 shares of the company’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. HM Payson & Co. boosted its holdings in shares of Boston Beer by 114.3% in the 1st quarter. HM Payson & Co. now owns 150 shares of the company’s stock valued at $58,000 after buying an additional 80 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Boston Beer in the 1st quarter valued at about $61,000. 70.32% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider John C. Geist sold 5,000 shares of Boston Beer stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $412.73, for a total value of $2,063,650.00. Following the sale, the insider now owns 4,752 shares of the company’s stock, valued at approximately $1,961,292.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John C. Geist sold 5,000 shares of Boston Beer stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $412.73, for a total value of $2,063,650.00. Following the sale, the insider now owns 4,752 shares of the company’s stock, valued at approximately $1,961,292.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, October 10th. The shares were sold at an average price of $350.00, for a total transaction of $35,350.00. Following the completion of the sale, the insider now directly owns 2,476 shares in the company, valued at approximately $866,600. The disclosure for this sale can be found here. Insiders sold a total of 5,301 shares of company stock valued at $2,179,060 in the last three months. 23.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SAM has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Boston Beer in a report on Monday. They issued an “underweight” rating and a $300.00 price target on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $251.00 price objective on shares of Boston Beer in a research report on Friday, September 30th. Jefferies Financial Group decreased their price objective on shares of Boston Beer from $384.00 to $341.00 in a research report on Thursday, July 21st. StockNews.com began coverage on shares of Boston Beer in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Sanford C. Bernstein decreased their price objective on shares of Boston Beer to $320.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $355.80.

Boston Beer Price Performance

NYSE:SAM opened at $353.64 on Wednesday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 165.25 and a beta of 0.97. The company has a 50 day moving average price of $348.75 and a 200-day moving average price of $346.71. The Boston Beer Company, Inc. has a 1-year low of $287.00 and a 1-year high of $547.71.

Boston Beer (NYSE:SAMGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($1.27). The firm had revenue of $596.45 million for the quarter, compared to analysts’ expectations of $566.42 million. Boston Beer had a net margin of 1.31% and a return on equity of 9.55%. Boston Beer’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $2.97 earnings per share. On average, sell-side analysts anticipate that The Boston Beer Company, Inc. will post 8.73 earnings per share for the current fiscal year.

Boston Beer Company Profile

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The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

See Also

Want to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boston Beer Company, Inc. (NYSE:SAMGet Rating).

Institutional Ownership by Quarter for Boston Beer (NYSE:SAM)

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