Mutual of America Capital Management LLC Sells 468 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Mutual of America Capital Management LLC trimmed its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,768 shares of the company’s stock after selling 468 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boston Beer were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Boston Beer by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,972 shares of the company’s stock valued at $55,814,000 after acquiring an additional 26,538 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Boston Beer by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 133,486 shares of the company’s stock valued at $40,720,000 after purchasing an additional 9,997 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Boston Beer by 80.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 114,736 shares of the company’s stock worth $35,000,000 after purchasing an additional 51,003 shares during the last quarter. Armistice Capital LLC increased its stake in Boston Beer by 1.1% in the 2nd quarter. Armistice Capital LLC now owns 97,292 shares of the company’s stock worth $29,679,000 after buying an additional 1,093 shares during the period. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in Boston Beer during the 2nd quarter valued at about $16,014,000. Institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Up 0.9 %

NYSE:SAM opened at $315.70 on Tuesday. The Boston Beer Company, Inc. has a twelve month low of $254.40 and a twelve month high of $371.65. The company has a market cap of $3.62 billion, a PE ratio of 46.43, a P/E/G ratio of 1.20 and a beta of 1.06. The company’s 50 day moving average is $293.10 and its two-hundred day moving average is $285.95.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SAM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $318.00 target price on shares of Boston Beer in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group cut shares of Boston Beer from a “buy” rating to a “hold” rating and dropped their target price for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a report on Wednesday, October 23rd. Finally, UBS Group increased their price objective on shares of Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $314.82.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.