Kovitz Investment Group Partners LLC Decreases Position in Anheuser-Busch InBev SA/NV $BUD

Kovitz Investment Group Partners LLC trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,776 shares of the consumer goods maker’s stock after selling 1,102 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $725,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Garde Capital Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at $37,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at $40,000. ST Germain D J Co. Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at $41,000. Finally, Rossby Financial LCC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at $49,000. 5.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Sunday, May 18th. The Goldman Sachs Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.10 to $88.00 in a research report on Monday, May 12th. Finally, BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Buy” and an average price target of $71.50.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $63.0560 on Thursday. The firm has a market capitalization of $113.32 billion, a P/E ratio of 17.71, a PEG ratio of 1.90 and a beta of 0.79. The stock has a fifty day moving average price of $66.50 and a 200 day moving average price of $63.92. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.Anheuser-Busch InBev SA/NV’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

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.