Solitude Financial Services Sells 4,180 Shares of Anheuser-Busch InBev SA/NV $BUD

Solitude Financial Services lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 33.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,340 shares of the consumer goods maker’s stock after selling 4,180 shares during the quarter. Anheuser-Busch InBev SA/NV accounts for about 0.2% of Solitude Financial Services’ investment portfolio, making the stock its 25th largest holding. Solitude Financial Services’ holdings in Anheuser-Busch InBev SA/NV were worth $573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BUD. Dodge & Cox grew its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% during the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after purchasing an additional 1,119,308 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock valued at $81,151,000 after purchasing an additional 265,783 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Anheuser-Busch InBev SA/NV by 34.0% during the 1st quarter. Alberta Investment Management Corp now owns 763,800 shares of the consumer goods maker’s stock valued at $47,020,000 after purchasing an additional 193,800 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 7.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock valued at $171,767,000 after purchasing an additional 190,830 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 24.8% during the 1st quarter. Raymond James Financial Inc. now owns 929,927 shares of the consumer goods maker’s stock valued at $57,246,000 after purchasing an additional 184,749 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 1.7%

NYSE:BUD opened at $58.52 on Tuesday. The company has a 50-day moving average price of $60.56 and a 200-day moving average price of $64.73. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The stock has a market cap of $114.27 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.72 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Saturday, September 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Morningstar raised shares of Anheuser-Busch InBev SA/NV to a “buy” rating in a research report on Thursday, September 18th. Finally, Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of “Buy” and a consensus price target of $71.00.

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.