TD Waterhouse Canada Inc. Sells 63,827 Shares of Anheuser-Busch InBev SA/NV $BUD

TD Waterhouse Canada Inc. reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 47.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,329 shares of the consumer goods maker’s stock after selling 63,827 shares during the period. TD Waterhouse Canada Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $5,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Archer Investment Corp purchased a new position in Anheuser-Busch InBev SA/NV in the second quarter worth about $25,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. Parkside Financial Bank & Trust boosted its position in Anheuser-Busch InBev SA/NV by 79.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock valued at $32,000 after buying an additional 220 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 230 shares during the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $80.25 on Monday. Anheuser-Busch InBev SA/NV has a twelve month low of $57.79 and a twelve month high of $86.60. The company has a current ratio of 0.66, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $162.04 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.15 and a beta of 0.59. The firm has a fifty day simple moving average of $80.89 and a 200-day simple moving average of $78.38.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.66 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same period in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BUD shares. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, July 1st. DZ Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Morgan Stanley lowered their target price on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Finally, UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.