NewEdge Advisors LLC Boosts Stock Position in Anheuser-Busch InBev SA/NV $BUD

NewEdge Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 7,474.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,643 shares of the consumer goods maker’s stock after buying an additional 515,743 shares during the period. NewEdge Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $43,066,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at about $25,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $26,000. GHP Investment Advisors Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its stake in Anheuser-Busch InBev SA/NV by 79.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 498 shares of the consumer goods maker’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in Anheuser-Busch InBev SA/NV by 84.6% in the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock valued at $35,000 after purchasing an additional 230 shares in the last quarter. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Trading Down 2.2%

Shares of Anheuser-Busch InBev SA/NV stock opened at $77.97 on Thursday. Anheuser-Busch InBev SA/NV has a 1 year low of $57.79 and a 1 year high of $86.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The company has a market capitalization of $157.45 billion, a P/E ratio of 16.52, a PEG ratio of 1.14 and a beta of 0.59. The company’s fifty day moving average is $80.72 and its two-hundred day moving average is $78.38.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $16.23 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Anheuser-Busch InBev SA/NV will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BUD. Morgan Stanley dropped their price target on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Barclays restated an “equal weight” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “neutral” rating on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, July 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, June 30th. Finally, UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and an average target price of $91.08.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global brewing and beverage company headquartered in Leuven, Belgium. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a broad portfolio of international, regional and local brands.

Its leading brands include Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of craft, premium, flavored and alcohol-free beverages, serving consumers through retail, hospitality and e-commerce channels.

The company was formed in 2008 through the combination of InBev and Anheuser-Busch, bringing together Anheuser-Busch’s U.S.