As Anheuser Busch Inbev (BUD) Stock Price Rose, Shareholder First Manhattan Company Has Cut Stake by $3.35 Million

March 17, 2018 - By Linda Rogers

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.30, from 0.97 in 2017Q2. It increased, as 30 investors sold BUD shares while 138 reduced holdings. 63 funds opened positions while 151 raised stakes. 92.33 million shares or 3.04% more from 89.61 million shares in 2017Q2 were reported. Whittier Of Nevada reported 11,078 shares. Gamble Jones Investment Counsel accumulated 27,412 shares or 0.33% of the stock. Twin Tree Limited Partnership, Texas-based fund reported 51,689 shares. Cramer Rosenthal Mcglynn Ltd accumulated 0.33% or 171,207 shares. Tnb Financial owns 14,571 shares. 5,628 were accumulated by Greenleaf Tru. Patriot Wealth Mgmt Incorporated owns 53,200 shares. Essex Investment Mgmt Limited Company, a Massachusetts-based fund reported 3,229 shares. Private Advisor Grp Inc Limited Co accumulated 26,580 shares or 0.08% of the stock. Wolverine Asset Mgmt Lc holds 0% or 101 shares. Greystone Inv Management Limited Com invested in 26,606 shares. Stratos Wealth Prns invested in 0.01% or 1,877 shares. Norris Perne And French Llp Mi, a Michigan-based fund reported 70,037 shares. Carlton Hofferkamp & Jenks Wealth Management Lc owns 0.24% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 3,205 shares. Pnc Fincl Group owns 107,655 shares for 0.01% of their portfolio.

First Manhattan Company decreased its stake in Anheuser Busch Inbev (BUD) by 1.54% based on its latest 2017Q3 regulatory filing with the SEC. First Manhattan Company sold 28,110 shares as the company’s stock rose 8.45% with the market. The hedge fund held 1.80 million shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $214.33M, down from 1.82 million at the end of the previous reported quarter. First Manhattan Company who had been investing in Anheuser Busch Inbev for a number of months, seems to be less bullish one the $217.97 billion market cap company. The stock increased 0.12% or $0.14 during the last trading session, reaching $113.01. About 6.41 million shares traded or 206.75% up from the average. Anheuser-Busch InBev SA/NV (NYSE:BUD) has declined 3.55% since March 17, 2017 and is downtrending. It has underperformed by 20.25% the S&P500.

First Manhattan Company, which manages about $20.51 billion and $17.46B US Long portfolio, upped its stake in O’reilly Automotive (NASDAQ:ORLY) by 75,960 shares to 94,637 shares, valued at $20.38 million in 2017Q3, according to the filing. It also increased its holding in Danaher Corp (NYSE:DHR) by 104,593 shares in the quarter, for a total of 2.86M shares, and has risen its stake in Range Resources Corp (NYSE:RRC).

Analysts await Anheuser-Busch InBev SA/NV (NYSE:BUD) to report earnings on May, 3. They expect $0.94 earnings per share, up 27.03 % or $0.20 from last year’s $0.74 per share. BUD’s profit will be $1.81 billion for 30.06 P/E if the $0.94 EPS becomes a reality. After $1.04 actual earnings per share reported by Anheuser-Busch InBev SA/NV for the previous quarter, Wall Street now forecasts -9.62 % negative EPS growth.

Anheuser-Busch InBev SA/NV (NYSE:BUD) Ratings Coverage

Among 23 analysts covering Anheuser-Busch InBev (NYSE:BUD), 16 have Buy rating, 2 Sell and 5 Hold. Therefore 70% are positive. Anheuser-Busch InBev has $157 highest and $98.72 lowest target. $123.12’s average target is 8.95% above currents $113.01 stock price. Anheuser-Busch InBev had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Underweight” rating by JP Morgan on Monday, March 5. The firm has “Buy” rating given on Tuesday, September 19 by Jefferies. The company was initiated on Tuesday, September 13 by Jefferies. As per Friday, September 8, the company rating was initiated by Argus Research. The firm has “Outperform” rating given on Monday, November 2 by CLSA. Macquarie Research initiated the stock with “Outperform” rating in Friday, November 25 report. Susquehanna maintained it with “Hold” rating and $103 target in Friday, May 5 report. Bernstein upgraded the shares of BUD in report on Monday, March 12 to “Outperform” rating. RBC Capital Markets downgraded Anheuser-Busch InBev SA/NV (NYSE:BUD) rating on Wednesday, July 6. RBC Capital Markets has “Underperform” rating and $106 target. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) earned “Buy” rating by Liberum Capital on Monday, October 3.

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