Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 13.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,915 shares of the consumer goods maker’s stock after selling 10,576 shares during the period. Bank of New York Mellon Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $3,551,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BUD. Legacy Investment Solutions LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. R Squared Ltd acquired a new position in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $30,000. Anchor Investment Management LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 120.6% in the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after purchasing an additional 422 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $49,000. Finally, Brooklyn Investment Group acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $50,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 0.7 %

Shares of BUD stock opened at $63.09 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The firm’s fifty day simple moving average is $53.80 and its 200 day simple moving average is $56.88. The firm has a market capitalization of $113.39 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. 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 announced its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. As a group, sell-side analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BUD shares. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $64.00.

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.