US Bancorp DE Trims Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

US Bancorp DE lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 134,592 shares of the consumer goods maker’s stock after selling 12,319 shares during the period. US Bancorp DE’s holdings in Anheuser-Busch InBev SA/NV were worth $8,922,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 50.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after buying an additional 185 shares during the period. Blue Trust Inc. boosted its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Addison Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth about $35,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 0.1 %

NYSE:BUD opened at $59.30 on Friday. Anheuser-Busch InBev SA/NV has a 1 year low of $57.09 and a 1 year high of $67.49. The stock has a market cap of $106.57 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.73 and a beta of 1.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock has a 50-day simple moving average of $63.94 and a 200-day simple moving average of $62.14.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $15.65 billion. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BUD shares. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and boosted their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Morgan Stanley increased their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, 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.