Solitude Financial Services Decreases Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Solitude Financial Services reduced its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,220 shares of the consumer goods maker’s stock after selling 660 shares during the period. Anheuser-Busch InBev SA/NV comprises 0.2% of Solitude Financial Services’ investment portfolio, making the stock its 26th biggest holding. Solitude Financial Services’ holdings in Anheuser-Busch InBev SA/NV were worth $512,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $27,000. R Squared Ltd bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $36,000. Finally, First Personal Financial Services grew its holdings in Anheuser-Busch InBev SA/NV by 51.3% during the third quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker’s stock valued at $40,000 after purchasing an additional 205 shares during the period. Institutional investors own 5.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BUD has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. TD Cowen lowered their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $63.11 on Monday. The firm has a market capitalization of $113.41 billion, a P/E ratio of 19.48, a PEG ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The business has a fifty day moving average price of $51.69 and a 200-day moving average price of $56.78.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. As a group, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

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.