Anheuser Busch Inbev NV (ADR) (BUD) Reaches $119.47 After 7.00% Gap Up, Goodnow Investment Group Has Decreased Asbury Automotive Group (ABG) Holding By $5.58 Million

Goodnow Investment Group Llc decreased Asbury Automotive Group Inc (ABG) stake by 29.39% reported in 2016Q4 SEC filing. Goodnow Investment Group Llc sold 91,430 shares as Asbury Automotive Group Inc (ABG)’s stock rose 12.74%. The Goodnow Investment Group Llc holds 219,640 shares with $13.55M value, down from 311,070 last quarter. Asbury Automotive Group Inc now has $1.23 billion valuation. It closed at $58.25 lastly. It is down 5.92% since September 27, 2016 and is uptrending. It has underperformed by 4.65% the S&P500.

The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) gapped up by $3.67 today and has $127.83 target or 7.00% above today’s $119.47 share price. The 8 months technical chart setup indicates low risk for the $204.17B company. The gap was reported on May, 4 by Barchart.com. If the $127.83 price target is reached, the company will be worth $14.29 billion more. The stock increased 5.74% or $6.49 on May 4, reaching $119.47. About 3.83M shares traded or 148.70% up from the average. Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has declined 14.29% since September 27, 2016 and is downtrending. It has underperformed by 24.85% the S&P500.

Among 7 analysts covering Asbury Automotive (NYSE:ABG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Asbury Automotive had 13 analyst reports since July 22, 2015 according to SRatingsIntel. On Tuesday, January 12 the stock rating was downgraded by Craig Hallum to “Hold”. As per Tuesday, September 8, the company rating was upgraded by Craig Hallum. KeyBanc Capital Markets maintained the shares of ABG in report on Friday, August 28 with “Buy” rating. The firm has “Buy” rating by Bank of America given on Thursday, October 22. As per Monday, April 11, the company rating was initiated by Jefferies. The firm earned “Buy” rating on Tuesday, February 23 by Buckingham Research. The firm has “Neutral” rating by Bank of America given on Wednesday, September 30. The firm earned “Neutral” rating on Monday, August 31 by Buckingham Research. The firm has “Hold” rating by BB&T Capital given on Monday, October 26. The firm has “Sector Weight” rating given on Wednesday, November 16 by KeyBanc Capital Markets.

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.12, from 0.89 in 2016Q3. It turned negative, as 26 investors sold ABG shares while 60 reduced holdings. 27 funds opened positions while 39 raised stakes. 21.06 million shares or 4.38% less from 22.03 million shares in 2016Q3 were reported. Ingalls And Snyder Limited Company holds 0.01% or 3,497 shares in its portfolio. Wells Fargo Co Mn owns 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 16,430 shares. Fuller & Thaler Asset invested in 2,000 shares. Bankshares Of Montreal Can accumulated 0% or 619 shares. Aperio Grp Inc Ltd has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 7,176 shares. California Employees Retirement Systems owns 82,900 shares for 0.01% of their portfolio. Us Bancshares De has 1,079 shares. Riverhead Cap Management Ltd Liability has invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Wexford Cap Limited Partnership invested 0.17% in Asbury Automotive Group, Inc. (NYSE:ABG). Moreover, Rhumbline Advisers has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 35,023 shares. Moreover, Harber Asset Mngmt Limited Com has 0.56% invested in Asbury Automotive Group, Inc. (NYSE:ABG). Guggenheim Ltd Company reported 41,478 shares. Mason Street Advisors Ltd Limited Liability Company reported 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). The New York-based Bancorporation Of Mellon has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). State Of Alaska Department Of Revenue reported 2,140 shares.

Since November 14, 2016, it had 0 insider purchases, and 5 insider sales for $3.36 million activity. Shares for $846,690 were sold by Villasana George A. Style Keith sold 10,000 shares worth $665,000. On Monday, November 14 DELOACH THOMAS C JR sold $169,502 worth of Asbury Automotive Group, Inc. (NYSE:ABG) or 2,953 shares. MONAGHAN CRAIG T had sold 24,000 shares worth $1.49M. $191,365 worth of Asbury Automotive Group, Inc. (NYSE:ABG) shares were sold by Karolis George.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.02, from 1.02 in 2016Q3. It dived, as 66 investors sold Anheuser Busch Inbev NV (ADR) 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. Finance invested in 1,101 shares or 0.06% of the stock. Forbes J M And Limited Liability Partnership owns 1.83% invested in Anheuser Busch Inbev NV (ADR) (NYSE:BUD) for 62,923 shares. Thompson Siegel & Walmsley Ltd Com holds 350 shares. Plante Moran Fincl Advisors Ltd Co holds 0.02% or 339 shares. Alpine Woods Capital Investors reported 0.41% in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Janney Montgomery Scott Ltd Liability stated it has 41,890 shares. The Texas-based Twin Tree Mngmt Lp has invested 0.02% in Anheuser Busch Inbev NV (ADR) (NYSE:BUD). Etrade Mgmt Ltd Liability Company reported 8,126 shares or 0.04% of all its holdings. Timber Hill Ltd holds 0.01% of its portfolio in Anheuser Busch Inbev NV (ADR) (NYSE:BUD) for 28,909 shares. Peak6 Investments Limited Partnership owns 123,824 shares. Federated Pa holds 0% or 58 shares. Scotia stated it has 11,945 shares or 0.02% of all its holdings. Boston Private Wealth Limited Com, Massachusetts-based fund reported 81,430 shares. Jarislowsky Fraser Ltd invested in 512,601 shares. Next Fincl Grp Inc holds 0% or 4,078 shares.

Among 20 analysts covering Anheuser-Busch InBev (NYSE:BUD), 13 have Buy rating, 1 Sell and 6 Hold. Therefore 65% are positive. Anheuser-Busch InBev had 31 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Anheuser Busch Inbev NV (ADR) (NYSE:BUD) on Friday, February 26 with “Buy” rating. As per Friday, November 13, the company rating was upgraded by Berenberg. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, October 5. The firm has “Outperform” rating by Credit Agricole given on Monday, November 2. The firm has “Hold” rating given on Thursday, October 20 by Societe Generale. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) has “Underperform” rating given on Wednesday, July 6 by RBC Capital Markets. The rating was upgraded by BNP Paribas on Monday, November 16 to “Outperform”. The stock of Anheuser Busch Inbev NV (ADR) (NYSE:BUD) earned “Hold” rating by HSBC on Monday, November 14. The rating was initiated by Liberum Capital on Monday, October 3 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Tuesday, October 11.

Anheuser Busch Inbev NV is a Belgium firm engaged in the brewers industry. The company has market cap of $204.17 billion. The Firm owns a portfolio of over 200 beer brands. It has a 179.75 P/E ratio. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.