Concurrent Investment Advisors LLC Increases Stock Position in Anheuser-Busch InBev SA/NV $BUD

Concurrent Investment Advisors LLC raised its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,109 shares of the consumer goods maker’s stock after acquiring an additional 687 shares during the period. Concurrent Investment Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $489,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BUD. ABC Arbitrage SA purchased a new stake in Anheuser-Busch InBev SA/NV in the first quarter valued at approximately $1,731,000. Sequoia Financial Advisors LLC grew its stake in shares of Anheuser-Busch InBev SA/NV by 224.7% in the first quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker’s stock valued at $1,555,000 after buying an additional 17,476 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 1st quarter valued at $310,000. Pinnacle Financial Partners Inc acquired a new position in Anheuser-Busch InBev SA/NV during the 1st quarter worth about $2,341,000. Finally, Penserra Capital Management LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 24.7% during the 1st quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker’s stock valued at $157,000 after acquiring an additional 506 shares during the period. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $62.18 on Friday. Anheuser-Busch InBev SA/NV has a 12 month low of $45.94 and a 12 month high of $72.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The firm has a market capitalization of $121.41 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The business’s fifty day moving average price is $60.39 and its 200 day moving average price is $64.61.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly 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 return on equity of 16.21% and a net margin of 12.16%.During the same quarter in the prior year, the business posted $0.90 earnings per share. Anheuser-Busch InBev SA/NV’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, October 10th. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 25th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 30th. Finally, Morningstar raised Anheuser-Busch InBev SA/NV to a “buy” rating in a research report on Thursday, September 18th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

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.