Toronto Dominion Bank Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Toronto Dominion Bank lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 48.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,350 shares of the consumer goods maker’s stock after selling 1,266 shares during the period. Toronto Dominion Bank’s holdings in Anheuser-Busch InBev SA/NV were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BUD. Capital International Investors lifted its stake in Anheuser-Busch InBev SA/NV by 1.8% in the 1st quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock worth $131,504,000 after purchasing an additional 38,747 shares in the last quarter. DAVENPORT & Co LLC lifted its position 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 worth $125,389,000 after buying an additional 555,362 shares in the last quarter. Seafarer Capital Partners LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 20.2% in the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock worth $57,863,000 after buying an additional 160,000 shares in the last quarter. Raymond James & Associates grew its holdings in Anheuser-Busch InBev SA/NV by 33.7% during the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock valued at $42,244,000 after buying an additional 183,301 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Anheuser-Busch InBev SA/NV by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 611,578 shares of the consumer goods maker’s stock worth $35,563,000 after acquiring an additional 56,422 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.4 %

Shares of BUD opened at $66.55 on Wednesday. The company’s fifty day simple moving average is $62.25 and its 200-day simple moving average is $61.41. The company has a market cap of $119.60 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a current ratio of 0.69, a quick ratio of 0.51 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.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) 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 net margin of 9.89% and a return on equity of 14.77%. During the same quarter last year, the firm earned $0.72 earnings per share. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current year.

Analysts Set New Price Targets

BUD has been the subject of a number of research reports. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.25.

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.