Trust Co. of Toledo NA OH Buys New Position in Anheuser-Busch InBev SA/NV $BUD

Trust Co. of Toledo NA OH acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,050 shares of the consumer goods maker’s stock, valued at approximately $72,000.

Several other large investors have also modified their holdings of BUD. Sage Rhino Capital LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 5.1% in the 2nd quarter. Sage Rhino Capital LLC now owns 3,477 shares of the consumer goods maker’s stock worth $239,000 after acquiring an additional 170 shares during the period. Vontobel Holding Ltd. lifted its position in Anheuser-Busch InBev SA/NV by 2.3% in the first quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker’s stock valued at $473,000 after purchasing an additional 174 shares during the period. Crossmark Global Holdings Inc. lifted its position in Anheuser-Busch InBev SA/NV by 1.1% in the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker’s stock valued at $1,046,000 after purchasing an additional 179 shares during the period. UMB Bank n.a. lifted its position in Anheuser-Busch InBev SA/NV by 14.4% in the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker’s stock valued at $118,000 after purchasing an additional 217 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Anheuser-Busch InBev SA/NV by 3.5% in the first quarter. 1832 Asset Management L.P. now owns 7,131 shares of the consumer goods maker’s stock valued at $439,000 after purchasing an additional 241 shares during the period. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of BUD stock opened at $59.56 on Monday. The stock has a market cap of $116.29 billion, a PE ratio of 16.73, a P/E/G ratio of 1.72 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The stock has a fifty day moving average price of $60.35 and a 200 day moving average price of $64.67.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BUD has been the subject of several recent analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Kepler Capital Markets downgraded Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday. Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.00.

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.