PNC Financial Services Group Inc. decreased its position in Anheuser Busch Inbev SA (NYSE:BUD) by 3.5% during the third quarter, Holdings Channel reports. The institutional investor owned 153,749 shares of the company’s stock after selling 5,583 shares during the period. PNC Financial Services Group Inc.’s holdings in Anheuser Busch Inbev SA were worth $20,204,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Anheuser Busch Inbev SA by 0.7% in the third quarter. Fisher Asset Management LLC now owns 5,430,421 shares of the company’s stock worth $713,612,000 after buying an additional 37,411 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Anheuser Busch Inbev SA by 146.4% in the second quarter. Franklin Resources Inc. now owns 5,189,442 shares of the company’s stock worth $683,345,000 after buying an additional 3,083,352 shares in the last quarter. Lone Pine Capital LLC boosted its stake in shares of Anheuser Busch Inbev SA by 124.1% in the second quarter. Lone Pine Capital LLC now owns 4,207,607 shares of the company’s stock worth $554,058,000 after buying an additional 2,329,803 shares in the last quarter. Harding Loevner LP boosted its stake in shares of Anheuser Busch Inbev SA by 4.6% in the third quarter. Harding Loevner LP now owns 2,506,201 shares of the company’s stock worth $329,340,000 after buying an additional 110,921 shares in the last quarter. Finally, Senator Investment Group LP boosted its stake in shares of Anheuser Busch Inbev SA by 95.8% in the second quarter. Senator Investment Group LP now owns 2,350,000 shares of the company’s stock worth $309,448,000 after buying an additional 1,150,000 shares in the last quarter.

Institutional Ownership by Quarter for Anheuser Busch Inbev SA (NYSE:BUD)

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded down 0.82% during mid-day trading on Wednesday, hitting $103.95. The company had a trading volume of 1,237,230 shares. The company’s 50-day moving average is $115.51 and its 200 day moving average is $123.59. Anheuser Busch Inbev SA has a one year low of $101.00 and a one year high of $136.08. The company has a market capitalization of $167.12 billion and a PE ratio of 55.47.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by $0.36. The company earned $11.69 billion during the quarter, compared to analyst estimates of $11.40 billion. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. On average, equities research analysts forecast that Anheuser Busch Inbev SA will post $3.56 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 16th will be issued a dividend of $1.379 per share. The ex-dividend date is Monday, November 14th.

TRADEMARK VIOLATION WARNING: “Anheuser Busch Inbev SA (BUD) Position Cut by PNC Financial Services Group Inc.” was reported by Financial Market News and is the propert of of Financial Market News. If you are viewing this report on another domain, it was copied illegally and republished in violation of international trademark and copyright laws. The original version of this report can be viewed at http://www.financial-market-news.com/anheuser-busch-inbev-sa-bud-position-cut-by-pnc-financial-services-group-inc/1210707/.

A number of equities research analysts have recently issued reports on BUD shares. Morgan Stanley started coverage on Anheuser Busch Inbev SA in a research note on Wednesday, October 5th. They set an “overweight” rating on the stock. Zacks Investment Research raised Anheuser Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Vetr lowered Anheuser Busch Inbev SA from a “buy” rating to a “hold” rating and set a $137.94 target price on the stock. in a report on Wednesday, September 28th. reissued an “outperform” rating and set a $145.00 target price on shares of Anheuser Busch Inbev SA in a report on Sunday, August 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Anheuser Busch Inbev SA in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Anheuser Busch Inbev SA presently has a consensus rating of “Hold” and an average target price of $133.76.

About Anheuser Busch Inbev SA

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

5 Day Chart for NYSE:BUD

Want to see what other hedge funds are holding BUD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anheuser Busch Inbev SA (NYSE:BUD).

Receive News & Ratings for Anheuser Busch Inbev SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anheuser Busch Inbev SA and related companies with MarketBeat.com's FREE daily email newsletter.