Thomasville National Bank Sells 390 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Thomasville National Bank lowered its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,668 shares of the consumer goods maker’s stock after selling 390 shares during the period. Thomasville National Bank’s holdings in Anheuser-Busch InBev SA/NV were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital International Investors boosted its stake in shares of Anheuser-Busch InBev SA/NV by 0.9% in the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after purchasing an additional 18,280 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock worth $1,908,000 after buying an additional 354 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the first quarter worth approximately $1,604,000. Perpetual Ltd increased its holdings in shares of Anheuser-Busch InBev SA/NV by 13.7% during the first quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock worth $7,736,000 after buying an additional 15,364 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $4,046,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD remained flat at $60.50 during trading on Wednesday. 1,439,756 shares of the company were exchanged, compared to its average volume of 1,797,755. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $108.73 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The firm’s fifty day moving average is $60.54 and its 200-day moving average is $61.39.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings data on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 21.74% and a net margin of 9.89%. The business had revenue of $15.33 billion for the quarter, compared to analysts’ expectations of $15.21 billion. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BUD. Morgan Stanley dropped their price target on Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.