Bank of New York Mellon Corp trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,423 shares of the consumer goods maker’s stock after selling 5,172 shares during the quarter. Bank of New York Mellon Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $6,701,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. increased its stake in Anheuser-Busch InBev SA/NV by 8.2% in the first quarter. American Century Companies Inc. now owns 26,865 shares of the consumer goods maker’s stock valued at $1,614,000 after purchasing an additional 2,028 shares during the period. Citigroup Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 13.2% during the first quarter. Citigroup Inc. now owns 57,729 shares of the consumer goods maker’s stock worth $3,468,000 after buying an additional 6,742 shares during the last quarter. Bank of Montreal Can increased its position in Anheuser-Busch InBev SA/NV by 14.1% in the 1st quarter. Bank of Montreal Can now owns 35,077 shares of the consumer goods maker’s stock valued at $2,154,000 after acquiring an additional 4,342 shares during the period. BlackRock Inc. raised its stake in Anheuser-Busch InBev SA/NV by 11.8% during the 1st quarter. BlackRock Inc. now owns 356,048 shares of the consumer goods maker’s stock valued at $21,384,000 after acquiring an additional 37,476 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Anheuser-Busch InBev SA/NV by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 144,273 shares of the consumer goods maker’s stock worth $8,665,000 after acquiring an additional 939 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on BUD. StockNews.com started coverage on Anheuser-Busch InBev SA/NV in a research note on Thursday, August 17th. They set a “hold” rating for the company. Evercore ISI cut their price objective on shares of Anheuser-Busch InBev SA/NV from $80.00 to $70.00 in a research report on Thursday, June 8th. Morgan Stanley raised shares of Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $64.00 to $68.50 in a report on Thursday, July 20th. HSBC downgraded shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.06.
Anheuser-Busch InBev SA/NV Stock Performance
BUD opened at $56.18 on Tuesday. The stock’s 50 day simple moving average is $56.89 and its 200 day simple moving average is $59.50. The stock has a market cap of $97.60 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.70 and a beta of 1.26. Anheuser-Busch InBev SA/NV has a 1-year low of $44.51 and a 1-year high of $67.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.64 and a quick ratio of 0.43.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The consumer goods maker reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $15.33 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.69% and a net margin of 10.59%. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.06 EPS for the current fiscal year.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces, distributes, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.
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