First Manhattan CO. LLC. Has $22.11 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

First Manhattan CO. LLC. lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 345,265 shares of the consumer goods maker’s stock after selling 8,987 shares during the period. First Manhattan CO. LLC.’s holdings in Anheuser-Busch InBev SA/NV were worth $22,111,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock worth $728,801,000 after acquiring an additional 368,721 shares during the last quarter. Morgan Stanley boosted its position in Anheuser-Busch InBev SA/NV by 29.8% during the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after acquiring an additional 966,378 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Anheuser-Busch InBev SA/NV by 1.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,009,863 shares of the consumer goods maker’s stock worth $256,792,000 after acquiring an additional 42,009 shares during the last quarter. Bank of America Corp DE boosted its position in Anheuser-Busch InBev SA/NV by 12.8% during the 3rd quarter. Bank of America Corp DE now owns 3,770,946 shares of the consumer goods maker’s stock worth $224,786,000 after acquiring an additional 426,495 shares during the last quarter. Finally, GQG Partners LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter worth approximately $149,778,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BUD shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 7th. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, June 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, May 5th. SBG Securities cut shares of Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company raised their target price on shares of Anheuser-Busch InBev SA/NV from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.42.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $80.69 on Thursday. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $84.46. The company has a current ratio of 0.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $78.64 and a 200 day simple moving average of $72.89. The stock has a market capitalization of $157.38 billion, a PE ratio of 22.05, a P/E/G ratio of 1.33 and a beta of 0.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Tuesday, March 31st. The consumer goods maker reported $0.97 earnings per share (EPS) for the quarter. Anheuser-Busch InBev SA/NV had a return on equity of 16.34% and a net margin of 11.90%.The business had revenue of $15.27 billion during the quarter. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 4.32 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

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.