Pinnacle Financial Partners Inc Cuts Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Pinnacle Financial Partners Inc lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 95.9% in the third quarter, Holdings Channel.com reports. The fund owned 5,141 shares of the consumer goods maker’s stock after selling 119,710 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Anheuser-Busch InBev SA/NV were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Culbertson A N & Co. Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter worth approximately $612,000. Forum Financial Management LP raised its stake in Anheuser-Busch InBev SA/NV by 41.5% in the 3rd quarter. Forum Financial Management LP now owns 8,708 shares of the consumer goods maker’s stock valued at $519,000 after purchasing an additional 2,554 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 62.2% in the 3rd quarter. HB Wealth Management LLC now owns 5,210 shares of the consumer goods maker’s stock valued at $311,000 after purchasing an additional 1,997 shares in the last quarter. Outfitters Financial LLC boosted its stake in Anheuser-Busch InBev SA/NV by 1.1% during the 3rd quarter. Outfitters Financial LLC now owns 21,310 shares of the consumer goods maker’s stock worth $1,270,000 after purchasing an additional 240 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 7.3% during the third quarter. SeaBridge Investment Advisors LLC now owns 54,540 shares of the consumer goods maker’s stock worth $3,251,000 after buying an additional 3,692 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, December 29th. Kepler Capital Markets cut Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, January 9th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, January 9th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and an average target price of $77.67.

Anheuser-Busch InBev SA/NV Trading Down 0.2%

BUD opened at $68.59 on Tuesday. The stock has a market capitalization of $133.93 billion, a PE ratio of 22.42, a P/E/G ratio of 1.44 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a one year low of $47.60 and a one year high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The business’s 50 day moving average price is $63.73 and its 200 day moving average price is $62.72.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.20% and a net margin of 10.40%.The company had revenue of $15.13 billion during the quarter, compared to analysts’ expectations of $15.28 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were issued a $0.1722 dividend. This represents a yield of 57.0%. The ex-dividend date was Wednesday, November 19th. Anheuser-Busch InBev SA/NV’s payout ratio is 7.84%.

Anheuser-Busch InBev SA/NV 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.