Great Lakes Advisors LLC Has $14.76 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Great Lakes Advisors LLC cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 294,697 shares of the consumer goods maker’s stock after selling 12,307 shares during the quarter. Great Lakes Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $14,755,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BUD. Ashton Thomas Securities LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth about $27,000. R Squared Ltd acquired a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $30,000. Whipplewood Advisors LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $49,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.1 %

BUD stock opened at $62.55 on Thursday. The stock has a market capitalization of $112.41 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. 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 has a 12 month low of $45.94 and a 12 month high of $67.49. The firm has a 50-day moving average price of $52.44 and a 200-day moving average price of $56.84.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BUD shares. TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Buy” and a consensus target price of $64.00.

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.