Commonwealth Equity Services LLC Trims Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Commonwealth Equity Services LLC lowered its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.2% in the second quarter, Holdings Channel.com reports. The firm owned 65,374 shares of the consumer goods maker’s stock after selling 5,087 shares during the period. Commonwealth Equity Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $3,802,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock valued at $42,000 after purchasing an additional 346 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 10.6% during the 4th quarter. Aveo Capital Partners LLC now owns 5,549 shares of the consumer goods maker’s stock worth $359,000 after buying an additional 532 shares during the last quarter. M&T Bank Corp raised its position in shares of Anheuser-Busch InBev SA/NV by 27.2% in the 4th quarter. M&T Bank Corp now owns 6,060 shares of the consumer goods maker’s stock worth $391,000 after buying an additional 1,294 shares during the period. Private Advisor Group LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 12.4% in the fourth quarter. Private Advisor Group LLC now owns 9,851 shares of the consumer goods maker’s stock valued at $637,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Lincoln National Corp purchased a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $261,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BUD shares. Morgan Stanley cut their price objective on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock opened at $63.67 on Tuesday. The company has a market cap of $114.43 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. Anheuser-Busch InBev SA/NV has a 12 month low of $51.66 and a 12 month high of $67.49. The stock’s 50-day moving average is $60.90 and its 200-day moving average is $61.11.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same period last year, the business posted $0.72 EPS. Equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current 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.