Anheuser-Busch InBev SA/NV $BUD Position Reduced by US Bancorp DE

US Bancorp DE decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,094 shares of the consumer goods maker’s stock after selling 13,370 shares during the quarter. US Bancorp DE’s holdings in Anheuser-Busch InBev SA/NV were worth $8,232,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Huntington National Bank lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 16.3% during the second quarter. Huntington National Bank now owns 1,387 shares of the consumer goods maker’s stock valued at $95,000 after purchasing an additional 194 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Anheuser-Busch InBev SA/NV by 4.2% during the third quarter. Apollon Wealth Management LLC now owns 5,042 shares of the consumer goods maker’s stock valued at $301,000 after buying an additional 203 shares in the last quarter. Outfitters Financial LLC lifted its stake in Anheuser-Busch InBev SA/NV by 1.1% during the third quarter. Outfitters Financial LLC now owns 21,310 shares of the consumer goods maker’s stock valued at $1,270,000 after buying an additional 240 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 51.6% during the second quarter. Westside Investment Management Inc. now owns 758 shares of the consumer goods maker’s stock valued at $52,000 after buying an additional 258 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 3.9% in the third quarter. Personal CFO Solutions LLC now owns 7,092 shares of the consumer goods maker’s stock worth $423,000 after buying an additional 265 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BUD has been the subject of several research analyst reports. Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 13th. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. 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’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Anheuser-Busch InBev SA/NV Stock Up 1.9%

Shares of BUD stock opened at $80.97 on Monday. Anheuser-Busch InBev SA/NV has a 12 month low of $56.97 and a 12 month high of $81.56. The stock has a 50 day moving average of $71.13 and a 200-day moving average of $64.78. The firm has a market cap of $157.93 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

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, beating analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 11.53% and a return on equity of 15.67%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.48 billion. During the same period in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Company 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.