As Anheuser Busch Inbev (BUD) Valuation Rose, First Manhattan Company Has Lowered Its Holding by $3.35 Million

March 17, 2018 - By Ellis Scott

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. Fiduciary Company owns 18,838 shares. 3,214 are held by Baldwin Brothers Inc Ma. Da Davidson And has invested 0.06% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Principal Fincl Gp holds 194,646 shares or 0.02% of its portfolio. First Foundation Advsr has 1.1% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 161,911 shares. 107,655 were accumulated by Pnc Fincl Serv Group Inc. M&R has invested 0.01% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Cook & Bynum Capital Management Limited Liability Company owns 160,337 shares. Guardian Advisors Lp owns 30,620 shares. Whittier Tru Co has invested 0.14% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Moreover, Clarkston Partners Ltd Co has 1.03% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 209,442 shares. Maverick Cap reported 2.24% stake. Chilton Investment Limited Liability Company owns 0.14% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD) for 30,142 shares. Moreover, Weik Invest Svcs has 1.5% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD). 1,680 are held by Spectrum Asset Inc (Nb Ca).

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 1.80M shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $214.33M, down from 1.82M 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 6.41M 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 $17.46 billion US Long portfolio, upped its stake in British Amer Tob Plc (NYSEMKT:BTI) by 374,890 shares to 375,060 shares, valued at $23.42 million in 2017Q3, according to the filing. It also increased its holding in Kar Auction Servic (NYSE:KAR) by 159,930 shares in the quarter, for a total of 1.12M shares, and has risen its stake in Danaher Corp (NYSE:DHR).

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. Kepler Cheuvreux upgraded Anheuser-Busch InBev SA/NV (NYSE:BUD) on Monday, August 22 to “Buy” rating. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) earned “Buy” rating by HSBC on Tuesday, December 8. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) earned “Buy” rating by Jefferies on Thursday, January 11. Susquehanna maintained Anheuser-Busch InBev SA/NV (NYSE:BUD) on Friday, May 5 with “Hold” rating. As per Monday, July 10, the company rating was maintained by Goldman Sachs. The firm has “Outperform” rating by Bernstein given on Monday, March 12. The firm earned “Underperform” rating on Monday, October 10 by RBC Capital Markets. On Thursday, August 13 the stock rating was upgraded by Vetr to “Buy”. Societe Generale downgraded Anheuser-Busch InBev SA/NV (NYSE:BUD) on Thursday, October 20 to “Hold” rating. As per Monday, March 5, the company rating was maintained by JP Morgan.

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