TD Waterhouse Canada Inc. Has $5.73 Million Stock Position in Anheuser-Busch InBev SA/NV $BUD

Key Points

• TD Waterhouse Canada cut its Anheuser-Busch InBev stake by 47.2% in the second quarter, selling 63,827 shares and retaining 71,329 shares worth approximately $5.73 million.
• Other major institutions increased their exposure, including Wellington Management, Morgan Stanley and Bank of America; institutional investors collectively own 5.53% of BUD.
• AB InBev beat quarterly earnings and revenue expectations, reporting $1.21 EPS and $16.66 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $91.08, above the reported $80.25 share price.

TD Waterhouse Canada Inc. trimmed its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 47.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,329 shares of the consumer goods maker's stock after selling 63,827 shares during the period. TD Waterhouse Canada Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $5,726,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BUD. Wellington Management Group LLP boosted its stake in shares of Anheuser-Busch InBev SA/NV by 10,464.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,190,248 shares of the consumer goods maker's stock worth $262,876,000 after acquiring an additional 3,160,049 shares during the period. GQG Partners LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter valued at about $149,778,000. Morgan Stanley increased its holdings in shares of Anheuser-Busch InBev SA/NV by 29.8% during the fourth 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 during the period. Bank of America Corp DE increased its stake 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 acquiring an additional 641,158 shares during the period. Finally, Holocene Advisors LP acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter valued at about $33,999,000. Institutional investors own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $80.25 on Monday. The business has a fifty day simple moving average of $80.89 and a two-hundred day simple moving average of $78.38. Anheuser-Busch InBev SA/NV has a 1 year low of $57.79 and a 1 year high of $86.60. The company has a market capitalization of $162.04 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.15 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.66 and a quick ratio of 0.50.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last posted its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings lowered Anheuser-Busch InBev SA/NV from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 17th. Wells Fargo & Company increased their price objective on Anheuser-Busch InBev SA/NV from $93.00 to $97.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Barclays reissued an "equal weight" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, July 1st. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.08.

About Anheuser-Busch InBev SA/NV

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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