Dan Loeb decreased its stake in Anheuser Busch Inbev Sa/Nv (BUD) by 15.79% based on its latest 2016Q3 regulatory filing with the SEC. Third Point Llc sold 300,000 shares as the company’s stock rose 0.01% with the market. The hedge fund run by Dan Loeb held 1.60 million shares of the beverages (production and distribution) company at the end of 2016Q3, valued at $210.26 million, down from 1.90M at the end of the previous reported quarter. Third Point Llc who had been investing in Anheuser Busch Inbev Sa/Nv for a number of months, seems to be less bullish one the $177.24 billion market cap company. The stock is down 0.71% or $0.75 after the negative news, hitting $104.68 per share. About 508,441 shares traded hands. Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) has declined 19.15% since June 7, 2016 and is downtrending. It has underperformed by 26.58% the S&P500.
Third Point Llc, which manages about $17.97 billion and $11.50B US Long portfolio, upped its stake in Constellation Brands Inc (NYSE:STZ) by 200,000 shares to 2.20M shares, valued at $366.28M in 2016Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 1.70M shares in the quarter, for a total of 5.45M shares, and has risen its stake in Allergan Plc.
Daniel Loeb is one of the original pioneers of activist investing and is known to be very outspoken. He has achieved amazing returns, including 150 million dollars in 2005, 200 million dollars in 2006 and an amazing 270 million dollars in 2007. As of 2010, Third Point’s flagship fund gained 41.7%. Third Point Llc is a New York-based hedge fund that was founded by Dan Loeb. It had more than $17.97 billion assets under management in November, 2014. Taken from Third Point latest Adv, the fund reported to have 60 full and part-time employees. Among which 26 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
Insitutional Activity: The institutional sentiment increased to 1.02 in Q3 2016. Its up 0.02, from 1 in 2016Q2. The ratio increased, as 37 funds sold all BUD shares owned while 154 reduced positions. 55 funds bought stakes while 140 increased positions. They now own 90.41 million shares or 1.54% less from 91.82 million shares in 2016Q2. First Foundation accumulated 1.29% or 141,716 shares. Cap Fund Mgmt Sa owns 67,630 shares or 0.08% of their US portfolio. Texas Yale holds 6,000 shares or 0.08% of its portfolio. Ent Services holds 0.09% or 1,210 shares in its portfolio. Jnba Fincl Advisors reported 1,881 shares or 0.04% of all its holdings. Interocean Capital Llc holds 1.55% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) for 50,516 shares. Paloma Prtnrs Mngmt holds 0.01% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) for 6,551 shares. High Pointe Cap Mngmt Limited Com accumulated 2,170 shares or 0.51% of the stock. Fiera Capital Corp has 0.35% invested in the company for 473,306 shares. First Mercantile Communications holds 29,969 shares or 0.52% of its portfolio. Greystone Invest Lc has invested 2.93% of its portfolio in Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD). Exane Derivatives has 25,572 shares for 0% of their US portfolio. Btg Pactual Asset Mngmt reported 129,435 shares or 10.82% of all its holdings. Guggenheim Ltd Liability accumulated 0.03% or 68,035 shares. First Republic Inv Mngmt Inc has 186,894 shares for 0.23% of their US portfolio.
Analysts await Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) to report earnings on February, 23. They expect $1.34 earnings per share, down 14.10% or $0.22 from last year’s $1.56 per share. BUD’s profit will be $2.27 billion for 19.54 P/E if the $1.34 EPS becomes a reality. After $0.83 actual earnings per share reported by Anheuser Busch Inbev SA NV (ADR) for the previous quarter, Wall Street now forecasts 61.45% EPS growth.
More notable recent Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) news were published by: Investorplace.com which released: “Anheuser Busch Inbev SA NV (ADR): BUD Selling Off Brands for $7.8B” on December 13, 2016, also Investorplace.com with their article: “Anheuser Busch Inbev SA NV (ADR) (BUD) Is the King of Sin Stocks” published on November 16, 2016, Fool.com published: “Is Anheuser-Busch InBev SA (ADR) Trying to Snuff Out Craft Beer Competition?” on October 25, 2015. More interesting news about Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011 as well as Fool.com‘s news article titled: “The Coca-Cola Co. or Anheuser Busch Inbev SA (ADR): Better Dividend Investment?” with publication date: April 14, 2016.
According to Zacks Investment Research, “Anheuser-Busch is the leading global brewer and one of the world’s top five consumer products companies. Their portfolio of well over 200 beer brands continues to forge strong connections with consumers. They invest the majority of their brand-building resources on their Focus Brands – those with the greatest growth potential such as global brands BudweiserÂ®, Stella ArtoisÂ® and BeckÂ’sÂ®, alongside LeffeÂ®, HoegaardenÂ®, Bud LightÂ®, SkolÂ®, BrahmaÂ®, AntarcticaÂ®, QuilmesÂ®, Michelob UltraÂ®, HarbinÂ®, SedrinÂ®, KlinskoyeÂ®, Sibirskaya KoronaÂ®, ChernigivskeÂ®, HasserÃ¶derÂ® and JupilerÂ®. In addition, the company owns a 50 percent equity interest in the operating subsidiary of Grupo Modelo, Mexico’s leading brewer and owner of the global CoronaÂ® brand.”
Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) Ratings Coverage
Out of 19 analysts covering Anheuser-Busch InBev (NYSE:BUD), 13 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 68% are positive. Anheuser-Busch InBev has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) earned “Hold” rating by ING Group on Wednesday, August 26. The firm earned “Outperform” rating on Tuesday, September 8 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, September 30 by UBS. The firm earned “Neutral” rating on Tuesday, July 21 by Nomura. The stock of Anheuser Busch Inbev SA NV (ADR) (NYSE:BUD) earned “Outperform” rating by BNP Paribas on Monday, November 16. As per Thursday, October 20, the company rating was downgraded by Societe Generale. The firm has “Buy” rating given on Friday, November 13 by Berenberg. The rating was reinitiated by Morgan Stanley on Wednesday, October 5 with “Overweight”. The rating was maintained by Stifel Nicolaus on Friday, February 26 with “Buy”. Sterne Agee CRT initiated the shares of BUD in a report on Tuesday, July 21 with “Buy” rating.
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