Citigroup Inc. Lowers Holdings in Anheuser-Busch InBev SA/NV $BUD

Citigroup Inc. decreased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 89.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,530 shares of the consumer goods maker’s stock after selling 626,117 shares during the quarter. Citigroup Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $4,264,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings 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 worth $27,000 after acquiring an additional 371 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $28,000. Mather Group LLC. bought a new position in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $34,000. Elevation Point Wealth Partners LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $35,000. Finally, NewSquare Capital LLC increased its holdings in Anheuser-Busch InBev SA/NV by 602.7% during the second quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock valued at $36,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 1.2%

Shares of NYSE:BUD opened at $75.63 on Thursday. The business’s 50-day moving average is $71.93 and its 200 day moving average is $65.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. Anheuser-Busch InBev SA/NV has a 1 year low of $56.97 and a 1 year high of $81.56. The firm has a market capitalization of $147.52 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.30 and a beta of 0.54.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on BUD shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, February 12th. SBG Securities cut Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 12th. Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. Finally, UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

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.