As Anheuser (BUD) Stock Price Rose, Gardner Russo & Gardner LLC Trimmed Its Stake by $674.19 Million

July 17, 2017 - By Stephen Andrade

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.02, from 1.02 in 2016Q3. It fall, as 66 investors sold BUD shares while 144 reduced holdings. 61 funds opened positions while 150 raised stakes. 78.58 million shares or 13.08% less from 90.41 million shares in 2016Q3 were reported. Cacti Asset Mgmt Ltd Company reported 195,400 shares or 1.94% of all its holdings. Fmr Limited Liability Co has invested 0.02% in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Bbva Compass State Bank has invested 0.05% of its portfolio in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Blackrock Institutional Trust Na has 0% invested in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Next Financial Grp Incorporated holds 0% or 4,078 shares. Ferguson Wellman Cap Mngmt has invested 0.01% in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Howe Rusling owns 35,294 shares. 102,234 were accumulated by Tiaa Cref Trust Fsb Mo. Gluskin Sheff Inc reported 0.16% stake. Godshalk Welsh Cap Mgmt Incorporated reported 0.33% stake. Utd Cap Fincl Advisers Lc holds 0.04% or 41,460 shares in its portfolio. Ifc Holdings Fl reported 3,854 shares. Connable Office reported 6,125 shares or 0.15% of all its holdings. Creative Planning stated it has 10,755 shares or 0.01% of all its holdings. Sterling Cap Ltd owns 13,959 shares.

Tom Russo decreased its stake in Anheuser (BUD) by 97.4% based on its latest 2016Q4 regulatory filing with the SEC. Gardner Russo & Gardner Llc sold 6.42 million shares as the company’s stock rose 8.45% with the market. The hedge fund run by Tom Russo held 171,291 shares of the beverages (production and distribution) company at the end of 2016Q4, valued at $18.06 million, down from 6.59 million at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Anheuser for a number of months, seems to be less bullish one the $193.61 billion market cap company. The stock declined 0.03% or $0.04 reaching $114.25 per share. About 1.80M shares traded or 37.40% up from the average. Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has declined 3.55% since July 17, 2016 and is downtrending. It has underperformed by 20.25% the S&P500.

Gardner Russo & Gardner Llc, which manages about $10.72B and $11.82 billion US Long portfolio, upped its stake in Philip Morris International In (NYSE:PM) by 49,798 shares to 10.36 million shares, valued at $948.19 million in 2016Q4, according to the filing. It also increased its holding in Nestle Sa (NSRGY) by 113,048 shares in the quarter, for a total of 15.93M shares, and has risen its stake in Heineken Holding Nv (HKHHF).

More notable recent Anheuser Busch Inbev NV (ADR) (NYSE:BUD) news were published by: Fool.com which released: “Anheuser-Busch InBev’s Earnings Show Why It Needs Miller Merger Done Now” on August 15, 2016, also Investorplace.com with their article: “Friday’s Vital Data: Bank of America Corp (BAC), Anheuser Busch Inbev NV (ADR …” published on May 05, 2017, 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 NV (ADR) (NYSE:BUD) were released by: Investorplace.com and their article: “Anheuser Busch Inbev NV (ADR)(BUD) Buys Wicked Weed Brewing” published on May 04, 2017 as well as Investorplace.com‘s news article titled: “Anheuser Busch Inbev SA NV (ADR) (BUD) Is the King of Sin Stocks” with publication date: November 16, 2016.

Anheuser Busch Inbev NV (ADR) (NYSE:BUD) Ratings Coverage

Among 21 analysts covering Anheuser-Busch InBev (NYSE:BUD), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Anheuser-Busch InBev had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Kepler Cheuvreux on Monday, August 22. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, September 17. The firm earned “Outperform” rating on Monday, November 16 by BNP Paribas. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has “Buy” rating given on Friday, November 13 by Berenberg. The stock has “Neutral” rating by Nomura on Tuesday, July 21. RBC Capital Markets maintained the shares of BUD in report on Tuesday, September 8 with “Outperform” rating. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has “Underperform” rating given on Monday, October 10 by RBC Capital Markets. The rating was upgraded by CLSA to “Outperform” on Monday, November 2. As per Thursday, August 13, the company rating was upgraded by Vetr. The company was upgraded on Monday, November 2 by Credit Agricole.

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