Anheuser-Busch InBev SA/NV $BUD Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc reduced its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 95.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,141 shares of the consumer goods maker’s stock after selling 119,710 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $306,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC increased its stake in Anheuser-Busch InBev SA/NV by 494.7% during the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock valued at $27,000 after purchasing an additional 371 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $28,000. Mather Group LLC. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at $34,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $35,000. Finally, NewSquare Capital LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 602.7% in the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock valued at $36,000 after acquiring an additional 452 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

Shares of NYSE:BUD opened at $68.59 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a 12-month low of $47.60 and a 12-month high of $72.13. The business has a 50 day moving average of $63.73 and a two-hundred day moving average of $62.72. The company has a market capitalization of $133.93 billion, a PE ratio of 22.42, a PEG ratio of 1.44 and a beta of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. The business had revenue of $15.13 billion for the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter last year, the company earned $0.98 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were given a $0.1722 dividend. The ex-dividend date was Wednesday, November 19th. This represents a dividend yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is 7.84%.

Analyst Ratings Changes

Several research firms have weighed in on BUD. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, January 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 28th. Barclays reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, December 11th. Wells Fargo & Company began coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 19th. They issued an “overweight” rating and a $75.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.67.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.