Truist Financial Corp Cuts Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Truist Financial Corp decreased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,730 shares of the consumer goods maker’s stock after selling 3,149 shares during the quarter. Truist Financial Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $1,288,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at about $27,000. R Squared Ltd purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $30,000. First Personal Financial Services increased its holdings in shares of Anheuser-Busch InBev SA/NV by 51.3% in the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after acquiring an additional 205 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.7 %

NYSE:BUD opened at $59.95 on Friday. The stock’s 50 day moving average price is $50.54 and its 200 day moving average price is $56.79. The company has a market capitalization of $107.74 billion, a PE ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. 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 52-week low of $45.94 and a 52-week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. On average, research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

Separately, TD Cowen dropped their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.