Trust Co. of Toledo NA OH Buys New Stake in Anheuser-Busch InBev SA/NV $BUD

Trust Co. of Toledo NA OH bought a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,050 shares of the consumer goods maker’s stock, valued at approximately $72,000.

A number of other institutional investors have also modified their holdings of BUD. Farther Finance Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 40.7% in the first quarter. Farther Finance Advisors LLC now owns 1,826 shares of the consumer goods maker’s stock valued at $112,000 after buying an additional 528 shares in the last quarter. GAMMA Investing LLC grew its position in Anheuser-Busch InBev SA/NV by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker’s stock valued at $71,000 after acquiring an additional 246 shares in the last quarter. Integrated Advisors Network LLC grew its position in Anheuser-Busch InBev SA/NV by 6.1% in the 1st quarter. Integrated Advisors Network LLC now owns 5,663 shares of the consumer goods maker’s stock valued at $349,000 after acquiring an additional 327 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Anheuser-Busch InBev SA/NV by 1.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 35,879 shares of the consumer goods maker’s stock valued at $2,209,000 after acquiring an additional 360 shares in the last quarter. Finally, Fairvoy Private Wealth LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $216,000. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Up 0.6%

NYSE:BUD opened at $59.56 on Monday. The stock has a 50-day simple moving average of $60.35 and a 200-day simple moving average of $64.67. The stock has a market cap of $116.29 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.72 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (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%.Anheuser-Busch InBev SA/NV’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 earnings per share. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Kepler Capital Markets downgraded shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research note on Thursday. UBS Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

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.