Perpetual Ltd Has $13.34 Million Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Key Points

• Perpetual Ltd has reduced its stake in Anheuser-Busch InBev SA/NV by 7.7%, selling 16,138 shares during the second quarter, leaving it with 194,094 shares valued at $13,338,000.
• Analysts have expressed positive sentiment, with several research firms upgrading their ratings for Anheuser-Busch InBev SA/NV to "strong-buy," contributing to a consensus rating of "Buy".
• Anheuser-Busch InBev SA/NV's stock is currently trading at $59.34 with a market cap of $115.87 billion and a recent EPS of $0.98, outperforming the consensus estimate.

Perpetual Ltd trimmed its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 7.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,094 shares of the consumer goods maker's stock after selling 16,138 shares during the quarter. Perpetual Ltd's holdings in Anheuser-Busch InBev SA/NV were worth $13,338,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $32,000. Garde Capital Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $37,000. ST Germain D J Co. Inc. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $41,000. Rossby Financial LCC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $49,000. Finally, Larson Financial Group LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 65.1% during the 1st quarter. Larson Financial Group LLC now owns 964 shares of the consumer goods maker's stock worth $59,000 after acquiring an additional 380 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 10th. Royal Bank Of Canada restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, September 17th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Berenberg Bank reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock traded up $0.27 on Tuesday, reaching $58.86. The company had a trading volume of 1,406,096 shares, compared to its average volume of 2,395,120. The stock has a market capitalization of $114.93 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.67 and a beta of 0.79. 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 has a one year low of $45.94 and a one year high of $72.13. The business's 50-day moving average is $62.38 and its 200 day moving average is $64.96.

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 analysts' consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. Anheuser-Busch InBev SA/NV's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.