Glenmede Trust Co. NA Sells 14,281 Shares of Anheuser-Busch InBev SA/NV $BUD

Glenmede Trust Co. NA lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 72.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,333 shares of the consumer goods maker’s stock after selling 14,281 shares during the quarter. Glenmede Trust Co. NA’s holdings in Anheuser-Busch InBev SA/NV were worth $370,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BUD. GQG Partners LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $149,778,000. Morgan Stanley increased its holdings in Anheuser-Busch InBev SA/NV by 29.8% during the 4th quarter. Morgan Stanley now owns 4,205,767 shares of the consumer goods maker’s stock worth $269,337,000 after purchasing an additional 966,378 shares in the last quarter. Bank of America Corp DE increased its holdings in Anheuser-Busch InBev SA/NV by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 3,344,451 shares of the consumer goods maker’s stock worth $229,831,000 after purchasing an additional 641,158 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $33,999,000. Finally, Fisher Asset Management LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 11,380,404 shares of the consumer goods maker’s stock valued at $728,801,000 after purchasing an additional 368,721 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $83.91 on Monday. Anheuser-Busch InBev SA/NV has a 12-month low of $57.79 and a 12-month high of $86.60. The firm has a market capitalization of $169.44 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 1.29 and a beta of 0.60. The stock’s 50 day moving average price is $81.70 and its two-hundred day moving average price is $77.57. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last posted its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $16.23 billion. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BUD shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Morgan Stanley cut their target price on Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Wells Fargo & Company raised their price target on shares of Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Read Our Latest Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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