Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 57.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,878 shares of the consumer goods maker’s stock after selling 21,186 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Anheuser-Busch InBev SA/NV were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BUD. Allspring Global Investments Holdings LLC lifted its position in Anheuser-Busch InBev SA/NV by 28.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,930 shares of the consumer goods maker’s stock valued at $459,000 after purchasing an additional 1,534 shares during the period. Private Advisor Group LLC increased its holdings in Anheuser-Busch InBev SA/NV by 18.4% in the third quarter. Private Advisor Group LLC now owns 13,039 shares of the consumer goods maker’s stock valued at $864,000 after buying an additional 2,028 shares in the last quarter. Optas LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at $238,000. GFS Advisors LLC increased its holdings in Anheuser-Busch InBev SA/NV by 56,727.5% in the third quarter. GFS Advisors LLC now owns 196,055 shares of the consumer goods maker’s stock valued at $12,996,000 after buying an additional 195,710 shares in the last quarter. Finally, Forum Financial Management LP purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at $225,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TD Cowen cut their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 0.7 %

BUD stock opened at $59.95 on Friday. The stock has a market capitalization of $107.74 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. The firm has a 50-day simple moving average of $50.54 and a 200-day simple moving average of $56.79. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

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