Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 26.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,888 shares of the consumer goods maker’s stock after acquiring an additional 1,665 shares during the period. Independent Advisor Alliance’s holdings in Anheuser-Busch InBev SA/NV were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triangle Securities Wealth Management grew its holdings in Anheuser-Busch InBev SA/NV by 57.3% during the first quarter. Triangle Securities Wealth Management now owns 7,425 shares of the consumer goods maker’s stock worth $446,000 after acquiring an additional 2,705 shares during the period. Manitou Investment Management Ltd. grew its holdings in Anheuser-Busch InBev SA/NV by 34.1% during the first quarter. Manitou Investment Management Ltd. now owns 27,551 shares of the consumer goods maker’s stock worth $1,655,000 after acquiring an additional 7,000 shares during the period. GoalVest Advisory LLC acquired a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth about $482,000. Concentric Wealth Management LLC boosted its position in Anheuser-Busch InBev SA/NV by 4.6% during the first quarter. Concentric Wealth Management LLC now owns 23,352 shares of the consumer goods maker’s stock worth $1,403,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in Anheuser-Busch InBev SA/NV by 13.6% during the first quarter. Advisor Partners LLC now owns 7,979 shares of the consumer goods maker’s stock worth $479,000 after purchasing an additional 958 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on BUD. Credit Suisse Group lowered their price target on Anheuser-Busch InBev SA/NV from €59.00 ($60.82) to €58.00 ($59.79) in a research report on Friday, May 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Anheuser-Busch InBev SA/NV from €74.00 ($76.29) to €73.00 ($75.26) and set a “buy” rating on the stock in a research report on Tuesday, July 5th. JPMorgan Chase & Co. lowered their price target on Anheuser-Busch InBev SA/NV from €55.00 ($56.70) to €50.00 ($51.55) in a research report on Tuesday, July 5th. Barclays lowered their price target on Anheuser-Busch InBev SA/NV from €84.00 ($86.60) to €77.00 ($79.38) in a research report on Monday, July 11th. Finally, Sanford C. Bernstein lowered their price target on Anheuser-Busch InBev SA/NV to $67.60 in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.16.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE BUD opened at $53.24 on Friday. The company has a market cap of $105.42 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. The stock’s 50 day simple moving average is $54.09 and its 200-day simple moving average is $57.65. Anheuser-Busch InBev SA/NV has a 1-year low of $50.59 and a 1-year high of $67.91. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.67 and a quick ratio of 0.47.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The consumer goods maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Anheuser-Busch InBev SA/NV had a return on equity of 10.47% and a net margin of 6.91%. The firm had revenue of $13.24 billion for the quarter, compared to the consensus estimate of $13.20 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.

Further Reading

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

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