Anheuser-Busch InBev SA/NV $BUD Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 831,372 shares of the consumer goods maker’s stock after selling 138,801 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $49,558,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BUD. Perpetual Ltd boosted its holdings in Anheuser-Busch InBev SA/NV by 0.7% in the 3rd quarter. Perpetual Ltd now owns 195,368 shares of the consumer goods maker’s stock worth $11,646,000 after acquiring an additional 1,274 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter worth $215,000. ST Germain D J Co. Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 86.4% in the third quarter. ST Germain D J Co. Inc. now owns 1,238 shares of the consumer goods maker’s stock valued at $74,000 after purchasing an additional 574 shares during the period. Corient Private Wealth LLC grew its holdings in Anheuser-Busch InBev SA/NV by 60.7% during the 2nd quarter. Corient Private Wealth LLC now owns 16,973 shares of the consumer goods maker’s stock valued at $1,166,000 after purchasing an additional 6,414 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 8.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,418 shares of the consumer goods maker’s stock worth $304,000 after buying an additional 341 shares during the period. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $64.51 on Friday. The firm has a market cap of $125.97 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.90 and a beta of 0.58. The stock has a 50 day moving average of $62.21 and a 200-day moving average of $63.52. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The business’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. As a group, 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 firm also recently declared a dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were issued a $0.1722 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a dividend yield of 57.0%. Anheuser-Busch InBev SA/NV’s payout ratio is 7.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Kepler Capital Markets cut shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, December 15th. Finally, Wells Fargo & Company started coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 19th. They issued an “overweight” rating and a $75.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

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.