Anheuser-Busch InBev SA/NV $BUD Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,479 shares of the consumer goods maker’s stock after selling 7,013 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BUD. Dodge & Cox raised its position in shares of Anheuser-Busch InBev SA/NV by 2.8% in the first quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after buying an additional 1,119,308 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Anheuser-Busch InBev SA/NV by 7.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock valued at $171,767,000 after buying an additional 190,830 shares during the period. Clarkston Capital Partners LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 0.3% during the 1st quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker’s stock valued at $92,235,000 after acquiring an additional 4,455 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after acquiring an additional 265,783 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Anheuser-Busch InBev SA/NV by 14.0% in the first quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker’s stock worth $59,562,000 after acquiring an additional 118,775 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on BUD shares. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Kepler Capital Markets cut shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD stock opened at $61.86 on Wednesday. The firm has a market cap of $120.78 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The stock has a 50-day simple moving average of $60.43 and a 200-day simple moving average of $64.70.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. Anheuser-Busch InBev SA/NV’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.