Harbour Investments Inc. Increases Position in Anheuser-Busch InBev SA/NV $BUD

Harbour Investments Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 119.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,773 shares of the consumer goods maker’s stock after acquiring an additional 1,511 shares during the period. Harbour Investments Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $191,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Sagespring Wealth Partners LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 28.5% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 6,282 shares of the consumer goods maker’s stock valued at $432,000 after buying an additional 1,392 shares during the period. Naviter Wealth LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 8.3% in the 2nd quarter. Naviter Wealth LLC now owns 19,941 shares of the consumer goods maker’s stock valued at $1,370,000 after buying an additional 1,534 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,844 shares of the consumer goods maker’s stock valued at $333,000 after buying an additional 944 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 25.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,720 shares of the consumer goods maker’s stock worth $2,180,000 after purchasing an additional 6,466 shares during the period. Finally, CWM LLC boosted its position in shares of Anheuser-Busch InBev SA/NV by 4.5% during the 2nd quarter. CWM LLC now owns 9,725 shares of the consumer goods maker’s stock worth $668,000 after purchasing an additional 416 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analysts Set New Price Targets

BUD has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, October 10th. Kepler Capital Markets cut shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Anheuser-Busch InBev SA/NV stock opened at $61.80 on Thursday. The firm has a market cap of $120.66 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $60.42 and its two-hundred day moving average is $64.59.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. On average, research analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV 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.