Cornell Pochily Investment Advisors Inc. Sells 1,610 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Cornell Pochily Investment Advisors Inc. cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 26.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,529 shares of the consumer goods maker’s stock after selling 1,610 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BUD. Addison Advisors LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after acquiring an additional 168 shares during the last quarter. Westside Investment Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 15.1% during the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock worth $80,000 after purchasing an additional 181 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 50.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 1.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after purchasing an additional 186 shares during the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Anheuser-Busch InBev SA/NV by 1.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 10,579 shares of the consumer goods maker’s stock valued at $643,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $65.42 on Tuesday. The company’s fifty day simple moving average is $63.04 and its two-hundred day simple moving average is $61.74. Anheuser-Busch InBev SA/NV has a 12-month low of $52.36 and a 12-month high of $67.49. The firm has a market cap of $117.57 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The company had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, equities analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on BUD shares. Citigroup upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their target price on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Evercore ISI upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. Barclays upgraded shares of Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and raised their price objective for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

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.