Commonwealth Equity Services LLC Has $8.22 Million Stock Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Commonwealth Equity Services LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 136,907 shares of the consumer goods maker’s stock after buying an additional 6,690 shares during the period. Commonwealth Equity Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $8,222,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on BUD. Morgan Stanley dropped their price objective on Anheuser-Busch InBev SA/NV from €54.00 ($55.67) to €52.00 ($53.61) in a research report on Wednesday, June 29th. Royal Bank of Canada dropped their target price on Anheuser-Busch InBev SA/NV from €65.00 ($67.01) to €64.00 ($65.98) in a research report on Monday. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 5th. Credit Suisse Group dropped their target price on Anheuser-Busch InBev SA/NV from €59.00 ($60.82) to €58.00 ($59.79) in a research report on Friday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on Anheuser-Busch InBev SA/NV from €55.00 ($56.70) to €50.00 ($51.55) in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.16.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $52.80 on Tuesday. 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. The company has a market capitalization of $104.54 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The business has a 50-day moving average of $54.34 and a 200-day moving average of $57.91.

Anheuser-Busch InBev SA/NV (NYSE:BUDGet Rating) last released its earnings results on Thursday, May 5th. The consumer goods maker reported $0.67 EPS for the quarter, topping the consensus estimate 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 business had revenue of $13.24 billion during the quarter, compared to analysts’ expectations of $13.20 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.04 earnings per share for the current year.

About Anheuser-Busch InBev SA/NV

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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

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

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