Wealth Enhancement Advisory Services LLC Has $1.69 Million Position in Anheuser-Busch InBev SA/NV $BUD

Wealth Enhancement Advisory Services LLC cut its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 21.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,309 shares of the consumer goods maker’s stock after selling 7,868 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BUD. Culbertson A N & Co. Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $612,000. Forum Financial Management LP boosted its position in Anheuser-Busch InBev SA/NV by 41.5% during the third quarter. Forum Financial Management LP now owns 8,708 shares of the consumer goods maker’s stock valued at $519,000 after purchasing an additional 2,554 shares during the last quarter. HB Wealth Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 62.2% during the third quarter. HB Wealth Management LLC now owns 5,210 shares of the consumer goods maker’s stock valued at $311,000 after purchasing an additional 1,997 shares during the last quarter. Outfitters Financial LLC grew its stake in Anheuser-Busch InBev SA/NV by 1.1% in the third quarter. Outfitters Financial LLC now owns 21,310 shares of the consumer goods maker’s stock valued at $1,270,000 after purchasing an additional 240 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its position in Anheuser-Busch InBev SA/NV by 7.3% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 54,540 shares of the consumer goods maker’s stock worth $3,251,000 after purchasing an additional 3,692 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BUD. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, January 6th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, December 9th. Finally, Wells Fargo & Company initiated coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, November 19th. They issued an “overweight” rating and a $75.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $77.67.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $71.69 on Friday. 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 firm has a fifty day simple moving average of $65.04 and a 200-day simple moving average of $62.90. The stock has a market capitalization of $139.98 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.49 and a beta of 0.57. Anheuser-Busch InBev SA/NV has a 1-year low of $47.89 and a 1-year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $15.13 billion for the quarter, compared to analyst estimates of $15.28 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.40% and a return on equity of 16.20%. Anheuser-Busch InBev SA/NV’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Anheuser-Busch InBev SA/NV Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a $0.1722 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a yield of 57.0%. Anheuser-Busch InBev SA/NV’s dividend payout ratio (DPR) is 7.84%.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.