GFS Advisors LLC Sells 76,310 Shares of Anheuser-Busch InBev SA/NV $BUD

GFS Advisors LLC cut its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 79.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,305 shares of the consumer goods maker’s stock after selling 76,310 shares during the period. GFS Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 27.8% during the second quarter. Apollon Wealth Management LLC now owns 4,839 shares of the consumer goods maker’s stock valued at $333,000 after purchasing an additional 1,053 shares during the period. Lester Murray Antman dba SimplyRich bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $233,000. Trust Co. of Toledo NA OH bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter valued at approximately $72,000. Blue Trust Inc. increased its position in shares of Anheuser-Busch InBev SA/NV by 26.4% during the second quarter. Blue Trust Inc. now owns 1,800 shares of the consumer goods maker’s stock valued at $124,000 after purchasing an additional 376 shares during the period. Finally, Callan Family Office LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 244.9% during the second quarter. Callan Family Office LLC now owns 93,526 shares of the consumer goods maker’s stock valued at $6,427,000 after purchasing an additional 66,413 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BUD. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $59.56 on Friday. The stock’s fifty day moving average is $60.35 and its 200-day moving average is $64.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The stock has a market capitalization of $116.29 billion, a PE ratio of 16.73, a PEG ratio of 1.72 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 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 revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company 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.