NewEdge Wealth LLC Boosts Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

NewEdge Wealth LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,778 shares of the consumer goods maker’s stock after buying an additional 1,033 shares during the quarter. NewEdge Wealth LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $696,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janiczek Wealth Management LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV by 111.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 882 shares of the consumer goods maker’s stock valued at $57,000 after purchasing an additional 464 shares in the last quarter. Cerity Partners LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 45.8% in the fourth quarter. Cerity Partners LLC now owns 14,908 shares of the consumer goods maker’s stock worth $964,000 after acquiring an additional 4,681 shares during the period. Cedrus LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter worth about $228,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $348,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 5.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,629 shares of the consumer goods maker’s stock valued at $493,000 after acquiring an additional 391 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BUD shares. BNP Paribas downgraded Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research report on Friday, January 12th. TD Cowen decreased 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 research report on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of 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 report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

Anheuser-Busch InBev SA/NV Stock Down 1.5 %

BUD stock opened at $57.13 on Wednesday. The stock has a market capitalization of $99.25 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.77 and a beta of 1.13. The firm has a 50-day simple moving average of $61.41 and a 200-day simple moving average of $60.81. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. 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 released its earnings results on Wednesday, February 28th. The consumer goods maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The business had revenue of $14.47 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

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.