Mutual of America Capital Management LLC Sells 669 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Mutual of America Capital Management LLC lessened its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,358 shares of the company’s stock after selling 669 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boston Beer were worth $4,616,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SAM. Southeastern Asset Management Inc. TN bought a new stake in Boston Beer during the first quarter worth about $35,680,000. Loomis Sayles & Co. L P bought a new stake in Boston Beer during the first quarter worth about $38,859,000. Millennium Management LLC bought a new position in shares of Boston Beer in the second quarter worth about $18,690,000. Wellington Management Group LLP lifted its holdings in shares of Boston Beer by 119.6% in the first quarter. Wellington Management Group LLP now owns 92,524 shares of the company’s stock worth $35,943,000 after acquiring an additional 50,384 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Boston Beer by 3,954.5% in the first quarter. Federated Hermes Inc. now owns 51,168 shares of the company’s stock worth $19,877,000 after acquiring an additional 49,906 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Insider Transactions at Boston Beer

In other news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Carolyn L. O’boyle sold 101 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $350.72, for a total transaction of $35,773.44. Following the completion of the sale, the insider now directly owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The disclosure for this sale can be found here. Insiders own 24.00% of the company’s stock.

Boston Beer Stock Performance

Boston Beer stock opened at $281.01 on Tuesday. The Boston Beer Company, Inc. has a 52-week low of $280.77 and a 52-week high of $395.52. The firm has a 50 day moving average price of $316.06 and a two-hundred day moving average price of $338.72. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 1.03 and a beta of 1.02.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The company had revenue of $393.72 million for the quarter, compared to analyst estimates of $413.57 million. Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period last year, the business earned ($0.93) EPS. As a group, equities research analysts predict that The Boston Beer Company, Inc. will post 9.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group dropped their target price on shares of Boston Beer from $390.00 to $355.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Piper Sandler started coverage on shares of Boston Beer in a report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 target price for the company. Citigroup dropped their price objective on shares of Boston Beer from $370.00 to $350.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $337.00 price objective on shares of Boston Beer in a report on Wednesday, February 28th. Finally, Roth Mkm raised their price objective on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $337.36.

Boston Beer Profile

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.