Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 133,287 shares of the consumer goods maker’s stock after selling 1,305 shares during the period. US Bancorp DE’s holdings in Anheuser-Busch InBev SA/NV were worth $6,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Forum Financial Management LP acquired a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $225,000. QRG Capital Management Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 8.8% in the third quarter. QRG Capital Management Inc. now owns 90,004 shares of the consumer goods maker’s stock worth $5,966,000 after buying an additional 7,267 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 14.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,850 shares of the consumer goods maker’s stock worth $253,000 after acquiring an additional 475 shares during the period. Solitude Financial Services raised its position in Anheuser-Busch InBev SA/NV by 6.1% during the third quarter. Solitude Financial Services now owns 10,880 shares of the consumer goods maker’s stock valued at $721,000 after acquiring an additional 630 shares in the last quarter. Finally, Hara Capital LLC acquired a new position in Anheuser-Busch InBev SA/NV in the third quarter valued at approximately $72,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BUD. TD Cowen dropped their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Stock Up 0.6 %

Shares of BUD opened at $61.11 on Wednesday. The firm has a market cap of $109.82 billion, a P/E ratio of 18.86, a PEG ratio of 1.73 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49. The stock’s 50 day moving average is $50.96 and its two-hundred day moving average is $56.74. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.