Capital Group Private Client Services Inc. Sells 24,719 Shares of Anheuser-Busch InBev SA/NV $BUD

Capital Group Private Client Services Inc. decreased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 50.9% during the third quarter, HoldingsChannel.com reports. The firm owned 23,816 shares of the consumer goods maker’s stock after selling 24,719 shares during the period. Capital Group Private Client Services Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $1,420,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Seafarer Capital Partners LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 1.5% in the third quarter. Seafarer Capital Partners LLC now owns 1,034,000 shares of the consumer goods maker’s stock valued at $61,637,000 after acquiring an additional 15,000 shares during the period. Savoir Faire Capital Management L.P. bought a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $2,086,000. Atlantic Union Bankshares Corp increased its holdings in Anheuser-Busch InBev SA/NV by 33,184.8% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 15,311 shares of the consumer goods maker’s stock worth $913,000 after acquiring an additional 15,265 shares during the period. Caprock Group LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $818,000. Finally, Victory Capital Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 53.7% in the 3rd quarter. Victory Capital Management Inc. now owns 828,670 shares of the consumer goods maker’s stock worth $49,397,000 after purchasing an additional 289,431 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, February 12th. Wells Fargo & Company increased their price objective on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, February 16th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 26th. Finally, SBG Securities lowered Anheuser-Busch InBev SA/NV to a “hold” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $73.14 on Wednesday. The company’s fifty day moving average price is $72.67 and its 200-day moving average price is $65.41. The firm has a market capitalization of $142.65 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.23 and a beta of 0.54. Anheuser-Busch InBev SA/NV has a one year low of $56.97 and a one year high of $81.56. 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 (NYSE:BUD) last released its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $15.48 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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.