Russell Investments Group Ltd. Sells 13,915 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Russell Investments Group Ltd. lessened its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 77.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,057 shares of the consumer goods maker’s stock after selling 13,915 shares during the period. Russell Investments Group Ltd.’s holdings in Anheuser-Busch InBev SA/NV were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Anheuser-Busch InBev SA/NV by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 98,375 shares of the consumer goods maker’s stock worth $5,909,000 after purchasing an additional 7,887 shares during the period. American Century Companies Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 8.2% during the 1st quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock worth $1,614,000 after acquiring an additional 2,028 shares during the period. Citigroup Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 13.2% during the 1st quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock worth $3,468,000 after acquiring an additional 6,742 shares during the period. Bank of Montreal Can boosted its position in shares of Anheuser-Busch InBev SA/NV by 14.1% during the first quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock worth $2,154,000 after purchasing an additional 4,342 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Anheuser-Busch InBev SA/NV by 11.8% during the first quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock worth $21,384,000 after purchasing an additional 37,476 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BUD shares. HSBC lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Evercore ISI lowered their price objective on shares of Anheuser-Busch InBev SA/NV from $80.00 to $70.00 in a research note on Thursday, June 8th. Morgan Stanley upgraded shares of Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $64.00 to $68.50 in a research note on Thursday, July 20th. StockNews.com began coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Hold” and an average target price of $67.06.

Anheuser-Busch InBev SA/NV Stock Down 1.2 %

BUD opened at $56.18 on Tuesday. The company’s 50-day moving average is $56.89 and its 200 day moving average is $59.50. The firm has a market capitalization of $97.60 billion, a P/E ratio of 18.12, a PEG ratio of 1.70 and a beta of 1.26. Anheuser-Busch InBev SA/NV has a fifty-two week low of $44.51 and a fifty-two week high of $67.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.64 and a quick ratio of 0.43.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Wednesday, August 2nd. The consumer goods maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $15.33 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.59% and a return on equity of 14.69%. During the same quarter in the previous year, the company earned $0.73 earnings per share. Research analysts expect that Anheuser-Busch InBev SA/NV will post 3.06 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, 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.