HB Wealth Management LLC Acquires 1,212 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

HB Wealth Management LLC increased its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 33.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,843 shares of the consumer goods maker’s stock after buying an additional 1,212 shares during the period. HB Wealth Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $282,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 50.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. grew its holdings in Anheuser-Busch InBev SA/NV by 225.0% during the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Russell Investments Group Ltd. increased its position in Anheuser-Busch InBev SA/NV by 116.5% in the fourth quarter. Russell Investments Group Ltd. now owns 643 shares of the consumer goods maker’s stock worth $42,000 after buying an additional 346 shares during the last quarter. Montag A & Associates Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 661.2% in the fourth quarter. Montag A & Associates Inc. now owns 921 shares of the consumer goods maker’s stock valued at $60,000 after buying an additional 800 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 1,884.0% during the 1st quarter. Salomon & Ludwin LLC now owns 992 shares of the consumer goods maker’s stock valued at $60,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD opened at $61.44 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49. The stock has a market cap of $110.42 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The stock has a fifty day moving average of $60.46 and a 200-day moving average of $61.17.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 21.74% and a net margin of 9.89%. The business had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BUD shares. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley cut their target price on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Profile

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.