Truist Financial Corp Has $1.21 Million Stake in Anheuser-Busch InBev SA/NV $BUD

Truist Financial Corp decreased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,571 shares of the consumer goods maker’s stock after selling 4,035 shares during the quarter. Truist Financial Corp’s holdings in Anheuser-Busch InBev SA/NV were worth $1,207,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in Anheuser-Busch InBev SA/NV by 15.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,888 shares of the consumer goods maker’s stock valued at $1,161,000 after purchasing an additional 2,291 shares during the last quarter. Sage Rhino Capital LLC raised its position in 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 valued at $239,000 after purchasing an additional 170 shares during the last quarter. SeaBridge Investment Advisors LLC raised its position in Anheuser-Busch InBev SA/NV by 8.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 50,848 shares of the consumer goods maker’s stock valued at $3,494,000 after purchasing an additional 3,926 shares during the last quarter. Signaturefd LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 7.6% during the second quarter. Signaturefd LLC now owns 18,732 shares of the consumer goods maker’s stock worth $1,287,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $207,000. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, October 8th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. Finally, Kepler Capital Markets downgraded Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Stock Up 0.6%

Shares of BUD opened at $59.56 on Monday. Anheuser-Busch InBev SA/NV has a 52 week low of $45.94 and a 52 week high of $72.13. The stock has a market capitalization of $116.29 billion, a price-to-earnings ratio of 16.73, a PEG 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. The stock has a fifty day moving average of $60.35 and a 200-day moving average of $64.67.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share 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.