Anheuser-Busch InBev SA/NV (NYSE:BUD) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,629 shares of the consumer goods maker’s stock after buying an additional 391 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 25.9% in the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock worth $97,415,000 after buying an additional 309,977 shares during the last quarter. Northwest Investment Counselors LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 12.6% in the third quarter. Northwest Investment Counselors LLC now owns 1,887 shares of the consumer goods maker’s stock worth $104,000 after buying an additional 211 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 232.4% in the fourth quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock worth $1,619,000 after buying an additional 17,516 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the third quarter worth about $1,449,000. Finally, Allworth Financial LP lifted its position in shares of Anheuser-Busch InBev SA/NV by 11.8% in the fourth quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock worth $229,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Down 1.5 %

Anheuser-Busch InBev SA/NV stock opened at $57.13 on Wednesday. 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 business’s 50-day simple moving average is $61.41 and its 200-day simple moving average is $60.81. The firm has a market capitalization of $99.25 billion, a PE ratio of 21.56, a PEG ratio of 1.77 and a beta of 1.13. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $66.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 13.57% and a net margin of 8.99%. The firm had revenue of $14.47 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period in the previous year, the company posted $0.98 earnings per share. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BUD shares. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $76.00 in a research report on Wednesday, January 10th. BNP Paribas lowered Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Finally, TD Cowen dropped their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.70.

About Anheuser-Busch InBev SA/NV

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.