Parallel Advisors LLC Acquires 389 Shares of Anheuser-Busch InBev SA/NV $BUD

Parallel Advisors LLC increased its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,073 shares of the consumer goods maker’s stock after acquiring an additional 389 shares during the period. Parallel Advisors LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $417,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BUD. Ameriprise Financial Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 4.8% during the fourth quarter. Ameriprise Financial Inc. now owns 48,896 shares of the consumer goods maker’s stock worth $2,448,000 after acquiring an additional 2,219 shares in the last quarter. Vise Technologies Inc. boosted its stake in Anheuser-Busch InBev SA/NV by 23.2% during the fourth quarter. Vise Technologies Inc. now owns 16,812 shares of the consumer goods maker’s stock worth $842,000 after acquiring an additional 3,161 shares in the last quarter. Michels Family Financial LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter worth about $430,000. Forum Financial Management LP boosted its stake in Anheuser-Busch InBev SA/NV by 144.8% during the fourth quarter. Forum Financial Management LP now owns 8,326 shares of the consumer goods maker’s stock worth $417,000 after acquiring an additional 4,925 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in Anheuser-Busch InBev SA/NV by 2.6% during the first quarter. First Hawaiian Bank now owns 51,386 shares of the consumer goods maker’s stock worth $3,163,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE:BUD opened at $59.34 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The firm has a fifty day moving average price of $62.56 and a 200 day moving average price of $64.97. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13. The firm has a market cap of $115.87 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.67 and a beta of 0.79.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its earnings results on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same quarter last year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BUD shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, September 10th. BNP Paribas upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.00.

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.