PNC Financial Services Group Inc. Sells 11,542 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

PNC Financial Services Group Inc. decreased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,268 shares of the consumer goods maker's stock after selling 11,542 shares during the period. PNC Financial Services Group Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $1,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BUD. West Family Investments Inc. raised its holdings in Anheuser-Busch InBev SA/NV by 27.9% in the 4th quarter. West Family Investments Inc. now owns 5,576 shares of the consumer goods maker's stock worth $279,000 after acquiring an additional 1,215 shares during the period. Callan Family Office LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth about $1,397,000. Vestmark Advisory Solutions Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 74.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 21,149 shares of the consumer goods maker's stock worth $1,059,000 after purchasing an additional 9,014 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at approximately $37,311,000. Finally, Aigen Investment Management LP grew its holdings in Anheuser-Busch InBev SA/NV by 534.8% in the 4th quarter. Aigen Investment Management LP now owns 41,155 shares of the consumer goods maker's stock valued at $2,061,000 after buying an additional 34,672 shares during the last quarter. 5.53% of the stock is owned by institutional investors.

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Anheuser-Busch InBev SA/NV Stock Performance

Anheuser-Busch InBev SA/NV stock traded down $0.02 during trading hours on Thursday, hitting $63.07. The stock had a trading volume of 1,843,482 shares, compared to its average volume of 1,767,059. The company has a 50-day moving average of $53.80 and a two-hundred day moving average of $56.88. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The company has a market cap of $113.34 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. On average, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BUD shares. TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Company 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.