Pettee Investors Inc. Decreases Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Pettee Investors Inc. decreased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,038 shares of the consumer goods maker’s stock after selling 4,123 shares during the period. Pettee Investors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Family Investments Inc. increased its stake in Anheuser-Busch InBev SA/NV by 27.9% in the 4th quarter. West Family Investments Inc. now owns 5,576 shares of the consumer goods maker’s stock valued at $279,000 after buying an additional 1,215 shares during the last quarter. Callan Family Office LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $1,397,000. Vestmark Advisory Solutions Inc. grew its position in shares of Anheuser-Busch InBev SA/NV by 74.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 21,149 shares of the consumer goods maker’s stock valued at $1,059,000 after acquiring an additional 9,014 shares during the period. Raymond James Financial Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $37,311,000. Finally, Aigen Investment Management LP grew its position in shares of Anheuser-Busch InBev SA/NV by 534.8% during the 4th quarter. Aigen Investment Management LP now owns 41,155 shares of the consumer goods maker’s stock valued at $2,061,000 after acquiring an additional 34,672 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Up 1.1 %

BUD opened at $63.11 on Friday. The company has a 50 day moving average of $51.69 and a 200 day moving average of $56.81. The company has a market cap of $113.41 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 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.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BUD. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen reduced their target price 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 report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV 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.