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

Key Points

• Capital Group Private Client Services cut its stake in Anheuser-Busch InBev by 50.9% in Q3, selling 24,719 shares and leaving it with 23,816 shares valued at about $1.42 million.
• Other institutions moved in the opposite direction, with Bank of Montreal increasing its holding by 150.6% to 1,188,876 shares (~$70.9M) and First Trust Advisors up 535.6% to 653,616 shares, while institutional ownership was reported at 5.53%.
• Analysts show a consensus of “Moderate Buy” with an average target of $81.00, and AB InBev recently beat estimates (Q earnings $0.95 vs $0.91 and revenue $15.56B vs $15.48B).

Capital Group Private Client Services Inc. trimmed its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 50.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,816 shares of the consumer goods maker's stock after selling 24,719 shares during the quarter. 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.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can increased its stake in Anheuser-Busch InBev SA/NV by 150.6% during the 3rd quarter. Bank of Montreal Can now owns 1,188,876 shares of the consumer goods maker's stock valued at $70,869,000 after purchasing an additional 714,420 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Anheuser-Busch InBev SA/NV by 7.2% in the third quarter. Russell Investments Group Ltd. now owns 10,248 shares of the consumer goods maker's stock valued at $611,000 after buying an additional 686 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 16.0% in the third quarter. Private Advisor Group LLC now owns 31,287 shares of the consumer goods maker's stock valued at $1,865,000 after buying an additional 4,318 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 975.2% during the third quarter. Ameriflex Group Inc. now owns 1,258 shares of the consumer goods maker's stock valued at $75,000 after buying an additional 1,141 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Anheuser-Busch InBev SA/NV by 535.6% during the third quarter. First Trust Advisors LP now owns 653,616 shares of the consumer goods maker's stock valued at $38,962,000 after buying an additional 550,774 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a report on Monday, February 16th. Sanford C. Bernstein reissued a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, November 26th. SBG Securities downgraded Anheuser-Busch InBev SA/NV to a "hold" rating in a research note on Monday, March 2nd. The Goldman Sachs Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 13th. Finally, DZ Bank reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of "Moderate Buy" and an average target price of $81.00.

Anheuser-Busch InBev SA/NV Stock Down 0.0%

Shares of NYSE BUD opened at $73.14 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The stock has a market capitalization of $142.65 billion, a PE ratio of 21.26, a P/E/G 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 business's fifty day moving average price is $72.67 and its 200-day moving average price is $65.41.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $15.48 billion. Anheuser-Busch InBev SA/NV had a net margin of 11.53% and a return on equity of 15.67%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Company 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.

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