Perpetual Ltd Sells 16,138 Shares of Anheuser-Busch InBev SA/NV $BUD

Perpetual Ltd cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 194,094 shares of the consumer goods maker’s stock after selling 16,138 shares during the period. Perpetual Ltd’s holdings in Anheuser-Busch InBev SA/NV were worth $13,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. ABC Arbitrage SA purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $1,731,000. Sequoia Financial Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 224.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker’s stock valued at $1,555,000 after purchasing an additional 17,476 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 31.7% during the 1st quarter. Merit Financial Group LLC now owns 14,635 shares of the consumer goods maker’s stock valued at $901,000 after purchasing an additional 3,526 shares during the last quarter. Vident Advisory LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $310,000. Finally, Pinnacle Financial Partners Inc purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $2,341,000. 5.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BUD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, September 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday. BNP Paribas upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Buy” and an average target price of $71.00.

Anheuser-Busch InBev SA/NV Trading Up 1.3%

Shares of BUD stock opened at $59.34 on Friday. The company’s fifty day simple moving average is $62.56 and its two-hundred day simple moving average is $64.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The stock has a market capitalization of $115.87 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.65 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. During the same quarter in the previous year, the business posted $0.90 EPS. Anheuser-Busch InBev SA/NV’s revenue was down 2.1% on a year-over-year basis. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

About Anheuser-Busch InBev SA/NV

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.