Ritholtz Wealth Management Purchases 1,710 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ritholtz Wealth Management raised its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUDFree Report) by 15.4% in the fourth quarter, Holdings Channel reports. The firm owned 12,800 shares of the consumer goods maker’s stock after acquiring an additional 1,710 shares during the quarter. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $827,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in Anheuser-Busch InBev SA/NV by 82,251.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,778,048 shares of the consumer goods maker’s stock valued at $286,874,000 after acquiring an additional 4,772,246 shares in the last quarter. Bill & Melinda Gates Foundation Trust purchased a new position in shares of Anheuser-Busch InBev SA/NV in the second quarter worth $96,594,000. DAVENPORT & Co LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 3,774.4% during the third quarter. DAVENPORT & Co LLC now owns 1,197,204 shares of the consumer goods maker’s stock valued at $65,775,000 after purchasing an additional 1,166,304 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Anheuser-Busch InBev SA/NV by 11.6% during the third quarter. The Manufacturers Life Insurance Company now owns 10,367,287 shares of the consumer goods maker’s stock valued at $573,311,000 after buying an additional 1,077,724 shares during the last quarter. Finally, Armistice Capital LLC bought a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter worth about $38,876,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

NYSE BUD opened at $60.78 on Friday. The business’s fifty day moving average is $62.09 and its 200 day moving average is $60.44. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The company has a market capitalization of $105.59 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BUD. BNP Paribas downgraded 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 downgraded 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 Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. UBS Group raised Anheuser-Busch InBev SA/NV from a “sell” rating to a “neutral” rating in a report on Tuesday, December 5th. Finally, TD Cowen lowered their target price on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Four 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.70.

Check Out Our Latest Report on Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV 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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