Cornell Pochily Investment Advisors Inc. Trims Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cornell Pochily Investment Advisors Inc. lessened its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7.0% during the 4th quarter, Holdings Channel reports. The fund owned 7,400 shares of the consumer goods maker’s stock after selling 553 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BUD. Moneta Group Investment Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 82,251.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,048 shares of the consumer goods maker’s stock worth $286,874,000 after purchasing an additional 4,772,246 shares in the last quarter. Bill & Melinda Gates Foundation Trust acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth about $96,594,000. DAVENPORT & Co LLC lifted its position in Anheuser-Busch InBev SA/NV by 3,774.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,197,204 shares of the consumer goods maker’s stock worth $65,775,000 after acquiring an additional 1,166,304 shares during the period. The Manufacturers Life Insurance Company lifted its position in Anheuser-Busch InBev SA/NV by 11.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock worth $573,311,000 after acquiring an additional 1,077,724 shares during the period. Finally, Armistice Capital LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 3rd quarter worth about $38,876,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.0 %

BUD traded up $0.03 during trading hours on Thursday, reaching $60.87. The company’s stock had a trading volume of 429,641 shares, compared to its average volume of 2,126,902. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.09. The stock has a market cap of $105.74 billion, a PE ratio of 22.96, a P/E/G ratio of 1.91 and a beta of 1.13. The business’s 50-day moving average is $62.21 and its 200-day moving average is $60.41. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The firm had revenue of $14.47 billion for the quarter, compared to analysts’ expectations of $15.34 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on BUD. Deutsche Bank Aktiengesellschaft lowered Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. TD Cowen cut their price target on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $76.00 in a research note on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price objective on Anheuser-Busch InBev SA/NV from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Finally, UBS Group upgraded Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average price target of $71.70.

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.