Cornell Pochily Investment Advisors Inc. Trims Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cornell Pochily Investment Advisors Inc. decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,400 shares of the consumer goods maker’s stock after selling 553 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in Anheuser-Busch InBev SA/NV by 11.6% in the third quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock worth $573,311,000 after purchasing an additional 1,077,724 shares during the period. Capital International Investors grew its position in shares of Anheuser-Busch InBev SA/NV by 3.6% during the 1st quarter. Capital International Investors now owns 7,344,543 shares of the consumer goods maker’s stock worth $444,214,000 after buying an additional 252,914 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 82,251.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,048 shares of the consumer goods maker’s stock worth $286,874,000 after buying an additional 4,772,246 shares in the last quarter. Morgan Stanley grew its position in shares of Anheuser-Busch InBev SA/NV by 7.8% during the 4th quarter. Morgan Stanley now owns 2,510,014 shares of the consumer goods maker’s stock worth $150,701,000 after buying an additional 181,496 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Anheuser-Busch InBev SA/NV by 9.3% during the 1st quarter. Royal Bank of Canada now owns 2,246,141 shares of the consumer goods maker’s stock worth $134,902,000 after buying an additional 190,769 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Anheuser-Busch InBev SA/NV from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. UBS Group raised Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. Finally, TD Cowen dropped their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

Anheuser-Busch InBev SA/NV Price Performance

BUD traded up $0.03 during trading on Thursday, hitting $60.87. The company’s stock had a trading volume of 429,641 shares, compared to its average volume of 2,126,902. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $62.21 and its 200 day simple moving average is $60.41. The firm has a market capitalization of $105.74 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.91 and a beta of 1.13. Anheuser-Busch InBev SA/NV has a twelve month low of $51.66 and a twelve month high of $67.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The company had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, 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 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.