Anheuser Busch Inbev NV (BUD) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in Anheuser Busch Inbev NV (NYSE:BUD) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,276 shares of the consumer goods maker’s stock after selling 3,437 shares during the period. PNC Financial Services Group Inc.’s holdings in Anheuser Busch Inbev were worth $9,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Crossmark Global Holdings Inc. increased its holdings in shares of Anheuser Busch Inbev by 53.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 32,689 shares of the consumer goods maker’s stock valued at $2,863,000 after acquiring an additional 11,401 shares during the last quarter. National Asset Management Inc. increased its holdings in shares of Anheuser Busch Inbev by 114.9% during the 3rd quarter. National Asset Management Inc. now owns 5,003 shares of the consumer goods maker’s stock valued at $439,000 after acquiring an additional 2,675 shares during the last quarter. Doyle Wealth Management increased its holdings in shares of Anheuser Busch Inbev by 6.6% during the 3rd quarter. Doyle Wealth Management now owns 85,403 shares of the consumer goods maker’s stock valued at $7,479,000 after acquiring an additional 5,266 shares during the last quarter. Northcape Capital Pty Ltd increased its holdings in shares of Anheuser Busch Inbev by 6.6% during the 3rd quarter. Northcape Capital Pty Ltd now owns 200,512 shares of the consumer goods maker’s stock valued at $17,559,000 after acquiring an additional 12,365 shares during the last quarter. Finally, Wade G W & Inc. increased its holdings in shares of Anheuser Busch Inbev by 1.7% during the 3rd quarter. Wade G W & Inc. now owns 73,623 shares of the consumer goods maker’s stock valued at $6,447,000 after acquiring an additional 1,197 shares during the last quarter. 4.63% of the stock is owned by hedge funds and other institutional investors.

BUD has been the topic of a number of analyst reports. Societe Generale raised Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Macquarie set a $92.00 price objective on Anheuser Busch Inbev and gave the company a “buy” rating in a report on Tuesday, October 16th. Guggenheim initiated coverage on Anheuser Busch Inbev in a report on Thursday, September 13th. They set a “buy” rating and a $107.00 price objective on the stock. Zacks Investment Research raised Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Finally, Jefferies Financial Group lowered Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $113.26.

BUD opened at $77.24 on Friday. The company has a market capitalization of $130.50 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.89 and a beta of 1.04. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.47. Anheuser Busch Inbev NV has a 12-month low of $72.88 and a 12-month high of $117.06.

Anheuser Busch Inbev (NYSE:BUD) last released its earnings results on Thursday, October 25th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.74 billion. Anheuser Busch Inbev had a net margin of 12.64% and a return on equity of 18.68%. Research analysts expect that Anheuser Busch Inbev NV will post 4.08 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 21st. Shareholders of record on Wednesday, November 28th will be issued a $0.9131 dividend. This represents a yield of 2.38%. The ex-dividend date is Tuesday, November 27th. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 33.42%.

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About Anheuser Busch Inbev

Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.

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Institutional Ownership by Quarter for Anheuser Busch Inbev (NYSE:BUD)

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