Strategic Blueprint LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,689 shares of the consumer goods maker’s stock, valued at approximately $322,000.
Other institutional investors have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at about $49,000. Larson Financial Group LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 65.1% in the 1st quarter. Larson Financial Group LLC now owns 964 shares of the consumer goods maker’s stock worth $59,000 after purchasing an additional 380 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $59,000. GAMMA Investing LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 1,158 shares of the consumer goods maker’s stock worth $71,000 after purchasing an additional 246 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $72,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on BUD. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, October 8th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. JPMorgan Chase & Co. restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 10th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 10th. Finally, Kepler Capital Markets lowered Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. One 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.00.
Anheuser-Busch InBev SA/NV Stock Down 0.5%
Shares of BUD stock opened at $61.29 on Monday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The firm has a market cap of $119.69 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The stock has a 50 day moving average of $60.44 and a 200-day moving average of $64.69. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.79.
Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.During the same quarter last year, the firm earned $0.90 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current 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.
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