PNC Financial Services Group Inc. Sells 4,441 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

PNC Financial Services Group Inc. cut its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.0% during the 4th quarter, Holdings Channel reports. The fund owned 32,571 shares of the consumer goods maker’s stock after selling 4,441 shares during the period. PNC Financial Services Group Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BUD. Anchor Investment Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $26,000. Naples Money Management LLC bought a new position in Anheuser-Busch InBev SA/NV in the fourth quarter worth approximately $30,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 125.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 629 shares of the consumer goods maker’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after purchasing an additional 346 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 111.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock worth $57,000 after purchasing an additional 464 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Performance

BUD opened at $59.24 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The stock has a market capitalization of $106.47 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.38 and a beta of 1.12. The company has a fifty day moving average of $61.70 and a 200 day moving average of $62.27. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.43 billion. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. Anheuser-Busch InBev SA/NV’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.42 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 6th were issued a $0.8722 dividend. This is an increase from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a yield of 1.1%. The ex-dividend date was Friday, May 3rd. Anheuser-Busch InBev SA/NV’s payout ratio is currently 27.31%.

Analysts Set New Price Targets

Separately, TD Cowen reduced their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.13.

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.