Greenleaf Trust Has $646,000 Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Greenleaf Trust increased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 90.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,752 shares of the consumer goods maker’s stock after purchasing an additional 4,641 shares during the quarter. Greenleaf Trust’s holdings in Anheuser-Busch InBev SA/NV were worth $646,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BUD. Janney Montgomery Scott LLC increased its stake in Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after purchasing an additional 354 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $4,046,000. Cetera Investment Advisers grew its stake in shares of Anheuser-Busch InBev SA/NV by 287.8% during the 1st quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock worth $3,962,000 after acquiring an additional 48,376 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Anheuser-Busch InBev SA/NV by 57.0% in the second quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock valued at $4,811,000 after purchasing an additional 30,052 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter worth $288,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $63.94 on Friday. The firm has a market cap of $114.91 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The business’s 50 day moving average is $63.78 and its 200-day moving average is $61.98. 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 1-year low of $52.74 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm 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 in the previous year, the firm posted $0.72 EPS. Equities research analysts predict that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Barclays raised shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their target price for the company from $68.00 to $88.00 in a report on Tuesday, October 8th. Morgan Stanley raised their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.00.

About Anheuser-Busch InBev SA/NV

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.