LPL Financial LLC Acquires 39,483 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

LPL Financial LLC lifted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 32.7% in the fourth quarter, HoldingsChannel reports. The fund owned 160,261 shares of the consumer goods maker’s stock after buying an additional 39,483 shares during the period. LPL Financial LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $8,024,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock worth $3,836,000 after purchasing an additional 15,837 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 4th quarter valued at about $28,540,000. B&D White Capital Company LLC purchased a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $290,000. Blue Trust Inc. grew its position in Anheuser-Busch InBev SA/NV by 15.8% during the 4th quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after acquiring an additional 464 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $37,311,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BUD shares. Berenberg Bank began coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, March 27th. TD Cowen cut their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Stock Down 3.0 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $60.99 on Friday. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The firm has a market cap of $109.61 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.73 and a beta of 0.80. The company has a 50-day moving average of $57.26 and a 200 day moving average of $56.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. As a group, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.