Ironwood Investment Counsel LLC Lowers Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ironwood Investment Counsel LLC cut its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,576 shares of the consumer goods maker’s stock after selling 5,939 shares during the period. Ironwood Investment Counsel LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $4,085,000 as of its most recent SEC filing.

Several other 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 3rd quarter worth approximately $26,000. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $27,000. R Squared Ltd purchased a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $30,000. Rakuten Securities Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 2,722.7% during the fourth quarter. Rakuten Securities Inc. now owns 621 shares of the consumer goods maker’s stock valued at $31,000 after acquiring an additional 599 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $36,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen lowered their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Stock Down 1.9 %

Shares of BUD stock opened at $61.37 on Friday. 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 quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a market cap of $110.29 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The stock has a 50 day moving average of $52.67 and a 200-day moving average of $56.87.

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