Envestnet Asset Management Inc. Sells 80,321 Shares of Anheuser-Busch InBev SA/NV $BUD

Envestnet Asset Management Inc. cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 554,333 shares of the consumer goods maker’s stock after selling 80,321 shares during the period. Envestnet Asset Management Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $38,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in shares of Anheuser-Busch InBev SA/NV during the first quarter valued at about $49,000. Whipplewood Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 55.2% during the second quarter. Whipplewood Advisors LLC now owns 841 shares of the consumer goods maker’s stock valued at $58,000 after acquiring an additional 299 shares during the period. Larson Financial Group LLC raised 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 valued at $59,000 after acquiring an additional 380 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter worth approximately $59,000. Finally, GAMMA Investing LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV by 27.0% during 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 in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BUD shares. Barclays restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. Kepler Capital Markets lowered shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock opened at $60.91 on Friday. The stock has a market capitalization of $118.93 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.75 and a beta of 0.76. The firm’s 50-day moving average price is $60.28 and its two-hundred day moving average price is $64.65. The company has a current ratio of 0.64, a quick ratio of 0.48 and a debt-to-equity ratio of 0.79. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, October 30th. The consumer goods maker reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, equities analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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.