Brandes Investment Partners LP Sells 263,381 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Brandes Investment Partners LP reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 95.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,466 shares of the consumer goods maker’s stock after selling 263,381 shares during the period. Brandes Investment Partners LP’s holdings in Anheuser-Busch InBev SA/NV were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth $35,000. Finally, Valley Wealth Managers Inc. purchased a new position in Anheuser-Busch InBev SA/NV during the second quarter valued at $38,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $66.29 on Tuesday. 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 twelve month low of $51.66 and a twelve month high of $67.49. The business has a 50-day moving average price of $62.13 and a 200-day moving average price of $61.37. The firm has a market cap of $119.14 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $15.33 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.72 EPS. As a group, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BUD shares. Morgan Stanley raised their price objective 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. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.25.

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.