Glenview Trust co Sells 1,332 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Glenview Trust co lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,191 shares of the consumer goods maker’s stock after selling 1,332 shares during the quarter. Glenview Trust co’s holdings in Anheuser-Busch InBev SA/NV were worth $360,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BUD. Holocene Advisors LP boosted its stake in shares of Anheuser-Busch InBev SA/NV by 22.8% during the 3rd quarter. Holocene Advisors LP now owns 4,331,636 shares of the consumer goods maker’s stock worth $287,144,000 after acquiring an additional 803,257 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $37,311,000. Fisher Asset Management LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,307,014 shares of the consumer goods maker’s stock worth $683,252,000 after acquiring an additional 587,329 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $28,540,000. Finally, Penn Davis Mcfarland Inc. boosted its stake in shares of Anheuser-Busch InBev SA/NV by 34.0% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 467,519 shares of the consumer goods maker’s stock worth $23,409,000 after acquiring an additional 118,686 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 1.6 %

Anheuser-Busch InBev SA/NV stock opened at $63.37 on Tuesday. The business has a 50 day moving average price of $53.23 and a two-hundred day moving average price of $56.82. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market cap of $113.88 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. TD Cowen decreased their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $64.00.

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.