Sequoia Financial Advisors LLC Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Sequoia Financial Advisors LLC lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,778 shares of the consumer goods maker’s stock after selling 922 shares during the period. Sequoia Financial Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BUD. Legacy Investment Solutions LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at $27,000. R Squared Ltd acquired a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $36,000. Anchor Investment Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 120.6% during the third quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after buying an additional 422 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BUD. TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 0.3 %

Shares of NYSE:BUD opened at $63.51 on Wednesday. The firm has a 50 day simple moving average of $53.51 and a 200-day simple moving average of $56.84. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $114.13 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.