Envestnet Portfolio Solutions Inc. Grows Stock Holdings in Anheuser-Busch InBev SA/NV $BUD

Envestnet Portfolio Solutions Inc. raised its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,844 shares of the consumer goods maker’s stock after buying an additional 944 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Dodge & Cox boosted its position in Anheuser-Busch InBev SA/NV by 2.8% in the 1st quarter. Dodge & Cox now owns 41,116,138 shares of the consumer goods maker’s stock valued at $2,531,109,000 after buying an additional 1,119,308 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in Anheuser-Busch InBev SA/NV by 7.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,790,240 shares of the consumer goods maker’s stock worth $171,767,000 after acquiring an additional 190,830 shares during the period. Clarkston Capital Partners LLC lifted its stake in Anheuser-Busch InBev SA/NV by 0.3% in the first quarter. Clarkston Capital Partners LLC now owns 1,498,297 shares of the consumer goods maker’s stock worth $92,235,000 after acquiring an additional 4,455 shares during the period. Goldman Sachs Group Inc. lifted its stake in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after acquiring an additional 265,783 shares during the period. Finally, Northern Trust Corp lifted its stake in Anheuser-Busch InBev SA/NV by 14.0% in the first quarter. Northern Trust Corp now owns 967,550 shares of the consumer goods maker’s stock worth $59,562,000 after acquiring an additional 118,775 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, October 8th. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. UBS Group reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Finally, Berenberg Bank reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $61.55 on Friday. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $72.13. The company’s 50 day moving average is $60.44 and its 200 day moving average is $64.60. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. The company has a market cap of $120.19 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS. On average, sell-side analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Anheuser-Busch InBev SA/NV Company 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.