Glenmede Trust Co. NA Has $370,000 Holdings in Anheuser-Busch InBev SA/NV $BUD

Glenmede Trust Co. NA lessened its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 72.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,333 shares of the consumer goods maker’s stock after selling 14,281 shares during the period. Glenmede Trust Co. NA’s holdings in Anheuser-Busch InBev SA/NV were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter worth approximately $283,000. Western Wealth Management LLC acquired a new position in Anheuser-Busch InBev SA/NV in the 1st quarter valued at $36,000. EverSource Wealth Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 51.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,462 shares of the consumer goods maker’s stock worth $310,000 after buying an additional 1,508 shares during the period. Maverick Capital Ltd. increased its position in Anheuser-Busch InBev SA/NV by 42.1% during the 1st quarter. Maverick Capital Ltd. now owns 51,020 shares of the consumer goods maker’s stock worth $3,539,000 after buying an additional 15,122 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 28.9% during the first quarter. Quantinno Capital Management LP now owns 214,841 shares of the consumer goods maker’s stock worth $14,904,000 after buying an additional 48,223 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 0.2%

Shares of BUD stock opened at $83.91 on Monday. Anheuser-Busch InBev SA/NV has a fifty-two week low of $57.79 and a fifty-two week high of $86.60. The stock’s fifty day moving average price is $81.70 and its two-hundred day moving average price is $77.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The company has a market cap of $169.44 billion, a PE ratio of 17.78, a P/E/G ratio of 1.29 and a beta of 0.60.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%.The company had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Anheuser-Busch InBev SA/NV’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Anheuser-Busch InBev SA/NV will post 4.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, May 5th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Anheuser-Busch InBev SA/NV from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Finally, Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.08.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.