Anheuser-Busch InBev SA/NV $BUD Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 89.7% in the third quarter, HoldingsChannel.com reports. The fund owned 71,530 shares of the consumer goods maker’s stock after selling 626,117 shares during the quarter. Citigroup Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $4,264,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 494.7% in the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock valued at $27,000 after purchasing an additional 371 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $28,000. Mather Group LLC. acquired a new position in Anheuser-Busch InBev SA/NV in the 3rd quarter worth approximately $34,000. Elevation Point Wealth Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV during the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC lifted its stake in Anheuser-Busch InBev SA/NV by 602.7% during the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock valued at $36,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 26th. DZ Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 20th. SBG Securities cut Anheuser-Busch InBev SA/NV to a “hold” rating in a report on Monday. Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.00.

Anheuser-Busch InBev SA/NV Trading Down 1.2%

BUD stock opened at $75.63 on Thursday. Anheuser-Busch InBev SA/NV has a 52-week low of $56.97 and a 52-week high of $81.56. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The firm has a market cap of $147.52 billion, a P/E ratio of 21.99, a PEG ratio of 1.30 and a beta of 0.54. The company’s 50-day simple moving average is $71.93 and its 200-day simple moving average is $65.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $15.48 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.Anheuser-Busch InBev SA/NV’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.