Ascent Group LLC Decreases Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Ascent Group LLC has decreased its stock holdings in Anheuser-Busch InBev SA/NV by 73%, selling 17,006 shares and now owning only 6,305 shares worth approximately $433,000.
• Several hedge funds have adjusted their positions in Anheuser-Busch InBev SA/NV, with ABC Arbitrage SA and Sequoia Financial Advisors LLC notably increasing their stakes during the 1st quarter.
• Most Wall Street analysts continue to favor Anheuser-Busch InBev SA/NV, with a consensus rating of "Buy" and a price target of $71.00, despite a recent quarterly revenue decline of 2.1% year-over-year.

Ascent Group LLC reduced its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 73.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,305 shares of the consumer goods maker's stock after selling 17,006 shares during the period. Ascent Group LLC's holdings in Anheuser-Busch InBev SA/NV were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $1,731,000. Sequoia Financial Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 224.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker's stock valued at $1,555,000 after buying an additional 17,476 shares in the last quarter. Vident Advisory LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $310,000. Pinnacle Financial Partners Inc acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $2,341,000. Finally, Penserra Capital Management LLC increased its position in Anheuser-Busch InBev SA/NV by 24.7% during the 1st quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker's stock valued at $157,000 after buying an additional 506 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 25th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Morningstar upgraded Anheuser-Busch InBev SA/NV to a "buy" rating in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Finally, UBS Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Stock Up 1.9%

Anheuser-Busch InBev SA/NV stock opened at $59.60 on Wednesday. The firm has a market cap of $116.38 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13. The business's 50-day moving average price is $60.42 and its 200 day moving average price is $64.69. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. As a group, sell-side 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.

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