Summit X LLC boosted its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,792 shares of the consumer goods maker’s stock after buying an additional 1,378 shares during the quarter. Summit X LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $782,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 18.5% in the 2nd quarter. Global Retirement Partners LLC now owns 1,116 shares of the consumer goods maker’s stock valued at $63,000 after buying an additional 174 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 3.1% during the 4th quarter. Neuberger Berman Group LLC now owns 5,833 shares of the consumer goods maker’s stock worth $350,000 after purchasing an additional 174 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 1.3% during the 1st quarter. Continuum Advisory LLC now owns 14,343 shares of the consumer goods maker’s stock valued at $957,000 after purchasing an additional 180 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Anheuser-Busch InBev SA/NV by 2.4% in the 1st quarter. Keybank National Association OH now owns 8,159 shares of the consumer goods maker’s stock valued at $544,000 after purchasing an additional 188 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 4.5% in the second quarter. Cedar Brook Financial Partners LLC now owns 4,441 shares of the consumer goods maker’s stock worth $252,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.
Analyst Upgrades and Downgrades
BUD has been the topic of several recent research reports. TD Cowen started coverage on Anheuser-Busch InBev SA/NV in a report on Friday, September 15th. They set an “outperform” rating on the stock. HSBC raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. StockNews.com began coverage on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Morgan Stanley upgraded shares of Anheuser-Busch InBev SA/NV from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $64.00 to $68.50 in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has an average rating of “Hold” and an average price target of $69.50.
Anheuser-Busch InBev SA/NV Stock Up 2.5 %
BUD opened at $61.23 on Wednesday. The business has a 50 day moving average of $55.56 and a 200-day moving average of $56.87. The stock has a market capitalization of $106.37 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.83 and a beta of 1.20. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.09.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The consumer goods maker reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Anheuser-Busch InBev SA/NV had a net margin of 10.56% and a return on equity of 14.94%. The firm had revenue of $15.57 billion during the quarter, compared to the consensus estimate of $15.72 billion. During the same period in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.04 earnings per share for the current year.
About Anheuser-Busch InBev SA/NV
Anheuser-Busch InBev SA/NV produces, distributes, 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.
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