Pinnacle Wealth Planning Services Inc. Cuts Holdings in Anheuser-Busch InBev SA/NV $BUD

Pinnacle Wealth Planning Services Inc. decreased its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 14.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,313 shares of the consumer goods maker’s stock after selling 1,062 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BUD. Dodge & Cox lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 2.8% during the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock worth $2,531,109,000 after acquiring an additional 1,119,308 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Anheuser-Busch InBev SA/NV by 7.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock valued at $171,767,000 after purchasing an additional 190,830 shares in the last quarter. Clarkston Capital Partners LLC raised its position in Anheuser-Busch InBev SA/NV by 0.3% during the first quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker’s stock valued at $92,235,000 after purchasing an additional 4,455 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after purchasing an additional 265,783 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 14.0% in the 1st quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker’s stock worth $59,562,000 after purchasing an additional 118,775 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BUD. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, November 13th. Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, October 21st. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD opened at $61.16 on Wednesday. The stock’s 50 day simple moving average is $60.70 and its 200 day simple moving average is $64.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The firm has a market cap of $119.42 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.75 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue was up .6% compared to the same quarter last year. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a $0.1722 dividend. This represents a dividend yield of 56.0%. The ex-dividend date of this dividend is Wednesday, November 19th. Anheuser-Busch InBev SA/NV’s payout ratio is presently 7.84%.

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.