Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,507,181 shares of the consumer goods maker’s stock after purchasing an additional 309,977 shares during the period. DAVENPORT & Co LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $97,415,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 3.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,833 shares of the consumer goods maker’s stock worth $350,000 after purchasing an additional 174 shares during the period. Pflug Koory LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 14.0% during the fourth quarter. Pflug Koory LLC now owns 1,621 shares of the consumer goods maker’s stock worth $105,000 after purchasing an additional 199 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 7.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 2,748 shares of the consumer goods maker’s stock worth $151,000 after purchasing an additional 200 shares during the period. Meridian Wealth Management LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 4.2% during the third quarter. Meridian Wealth Management LLC now owns 5,014 shares of the consumer goods maker’s stock worth $277,000 after purchasing an additional 201 shares during the period. Finally, MUFG Americas Holdings Corp boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 6.1% during the third quarter. MUFG Americas Holdings Corp now owns 3,527 shares of the consumer goods maker’s stock worth $159,000 after purchasing an additional 202 shares during the period. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

Shares of Anheuser-Busch InBev SA/NV stock traded down $0.40 during midday trading on Tuesday, hitting $60.70. The company had a trading volume of 2,152,191 shares, compared to its average volume of 2,158,305. The business’s 50 day simple moving average is $62.05 and its two-hundred day simple moving average is $60.53. The stock has a market cap of $105.45 billion, a PE ratio of 22.91, a P/E/G ratio of 1.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.01.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The firm had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. As a group, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BNP Paribas cut shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a report on Friday, January 12th. Deutsche Bank Aktiengesellschaft lowered shares of Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Jefferies Financial Group raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $76.00 in a research report on Wednesday, January 10th. TD Cowen cut their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Finally, UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a research report on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus target price of $71.70.

View Our Latest Research Report on BUD

Anheuser-Busch InBev SA/NV Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Anheuser-Busch InBev SA/NV (NYSE:BUD)

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