Geode Capital Management LLC Sells 3,812 Shares of The Boston Beer Company, Inc. (NYSE:SAM)

Geode Capital Management LLC trimmed its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,577 shares of the company's stock after selling 3,812 shares during the quarter. Geode Capital Management LLC owned about 1.26% of Boston Beer worth $43,383,000 at the end of the most recent reporting period.Constellation Brands Eyes Growth as Beer Sales Lead the WaySeveral other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Boston Beer during the 4th quarter worth about $30,741,000. Global Alpha Capital Management Ltd. acquired a new position in shares of Boston Beer in the fourth quarter valued at approximately $23,349,000. Fisher Asset Management LLC increased its stake in shares of Boston Beer by 27.1% during the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock worth $48,122,000 after purchasing an additional 34,176 shares during the period. Wealthfront Advisers LLC bought a new stake in Boston Beer in the 4th quarter valued at $6,528,000. Finally, WINTON GROUP Ltd acquired a new position in Boston Beer in the 4th quarter valued at $6,471,000. 81.13% of the stock is currently owned by institutional investors and hedge funds. Boston Beer Trading Down 0.8 %SAM stock opened at $243.56 on Tuesday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The firm has a 50-day moving average price of $235.23 and a 200-day moving average price of $271.17. The Boston Beer Company, Inc. has a 12 month low of $215.10 and a 12 month high of $339.77. Wall Street Analyst Weigh InTap Into Molson Coors Stock: A Top Beverage Value PlaySAM has been the topic of several research reports. Citigroup upped their price target on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Monday. StockNews.com downgraded Boston Beer from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley dropped their price objective on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Piper Sandler decreased their price target on Boston Beer from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $296.01.Get Our Latest Report on SAMBoston Beer Profile (Free Report)Constellation Brands Stock Q1 2025: Crushing Anheuser-Busch?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.Read MoreFive stocks we like better than Boston BeerWhat Are Dividends? Buy the Best Dividend StocksWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesWhat is a Death Cross in Stocks?Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldTop Stocks Investing in 5G Technology3 Hot New IPOs Defying the 2025 Market SlumpWant to see what other hedge funds are holding SAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boston Beer Company, Inc. (NYSE:SAM - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Boston Beer Right Now?Before you consider Boston Beer, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boston Beer wasn't on the list.While Boston Beer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here