Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Sold by Narwhal Capital Management

Narwhal Capital Management trimmed its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the consumer goods maker’s stock after selling 175 shares during the quarter. Narwhal Capital Management’s holdings in Anheuser-Busch InBev SA/NV were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 36.8% in the first quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock valued at $125,389,000 after buying an additional 555,362 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 672.3% in the second quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock valued at $34,907,000 after purchasing an additional 522,575 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth approximately $18,226,000. Raymond James & Associates lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 33.7% during the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after purchasing an additional 183,301 shares during the period. Finally, Seafarer Capital Partners LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 20.2% during the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock worth $57,863,000 after purchasing an additional 160,000 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $64.65 on Wednesday. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49. The stock has a market cap of $116.19 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.77 and a beta of 1.10. The stock’s 50 day simple moving average is $63.61 and its 200 day simple moving average is $61.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and lifted their price objective for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, Citigroup raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

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.