First Manhattan Company Has Decreased Its Stake in Anheuser Busch Inbev (BUD) as Stock Value Rose

March 17, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.30, from 0.97 in 2017Q2. It improved, 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. Dorsey And Whitney Tru Commerce Limited Liability Corporation reported 0.04% in Anheuser-Busch InBev SA/NV (NYSE:BUD). Mar Vista Investment Ptnrs Ltd Liability Com has 15 shares for 0% of their portfolio. Pennsylvania Trust Com holds 0.02% or 2,857 shares. M&R Management Inc invested 0.01% of its portfolio in Anheuser-Busch InBev SA/NV (NYSE:BUD). Credit Suisse Ag accumulated 236,779 shares or 0.03% of the stock. Whittier Trust has 0.14% invested in Anheuser-Busch InBev SA/NV (NYSE:BUD). Highlander Cap Mgmt Lc holds 2,200 shares. Old Second Bancshares Of Aurora holds 0% or 60 shares. Atria Invs Limited Liability Company holds 0.02% or 3,389 shares. Manufacturers Life The reported 2.51 million shares. Oz Mngmt LP accumulated 1.50M shares or 0.88% of the stock. Sei Invests, a Pennsylvania-based fund reported 38,931 shares. Bahl Gaynor has invested 0% of its portfolio in Anheuser-Busch InBev SA/NV (NYSE:BUD). 75 were accumulated by Jnba Fincl Advsr. Tocqueville Asset Management Ltd Partnership reported 42,755 shares stake.

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 1.82 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 $217.97B 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 $20.51B and $17.46B US Long portfolio, upped its stake in Newell Brands Inc (NYSE:NWL) by 391,016 shares to 3.65 million shares, valued at $155.74M in 2017Q3, according to the filing. It also increased its holding in Tanger Factory Outlt (NYSE:SKT) by 342,144 shares in the quarter, for a total of 1.41M shares, and has risen its stake in Mack Cali Rlty Corp (NYSE:CLI).

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 $1.81B 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. Stifel Nicolaus maintained it with “Buy” rating and $140.0 target in Wednesday, August 30 report. The firm has “Buy” rating given on Thursday, September 17 by Sterne Agee CRT. The firm has “Buy” rating by Jefferies given on Thursday, January 11. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) has “Buy” rating given on Tuesday, September 13 by Jefferies. Stifel Nicolaus maintained Anheuser-Busch InBev SA/NV (NYSE:BUD) rating on Friday, February 26. Stifel Nicolaus has “Buy” rating and $138 target. The rating was downgraded by Societe Generale to “Hold” on Thursday, October 20. The stock has “Outperform” rating by Macquarie Research on Friday, November 25. The stock of Anheuser-Busch InBev SA/NV (NYSE:BUD) earned “Buy” rating by Stifel Nicolaus on Thursday, February 1. On Wednesday, September 30 the stock rating was initiated by UBS with “Buy”. The rating was upgraded by Credit Agricole to “Outperform” on Monday, November 2.

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