Anheuser-Busch InBev SA/NV $BUD Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 74.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,475 shares of the consumer goods maker’s stock after selling 10,129 shares during the quarter. Ritholtz Wealth Management’s holdings in Anheuser-Busch InBev SA/NV were worth $223,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BUD. AQR Capital Management LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 52.9% in the first quarter. AQR Capital Management LLC now owns 9,036 shares of the consumer goods maker’s stock worth $556,000 after purchasing an additional 3,127 shares during the period. NewEdge Advisors LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 7.8% in the first quarter. NewEdge Advisors LLC now owns 8,869 shares of the consumer goods maker’s stock worth $546,000 after purchasing an additional 642 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,248 shares of the consumer goods maker’s stock worth $81,151,000 after purchasing an additional 265,783 shares during the period. Russell Investments Group Ltd. lifted its holdings in Anheuser-Busch InBev SA/NV by 40.1% in the second quarter. Russell Investments Group Ltd. now owns 9,562 shares of the consumer goods maker’s stock worth $657,000 after purchasing an additional 2,736 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in Anheuser-Busch InBev SA/NV in the second quarter worth about $120,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Ratings Changes

BUD has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, April 2nd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 8th. Wells Fargo & Company raised their target price on Anheuser-Busch InBev SA/NV from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Friday, February 13th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average target price of $86.50.

Anheuser-Busch InBev SA/NV Trading Up 0.4%

Shares of BUD stock opened at $75.72 on Friday. The stock has a 50-day simple moving average of $74.37 and a 200 day simple moving average of $67.66. Anheuser-Busch InBev SA/NV has a fifty-two week low of $56.97 and a fifty-two week high of $81.56. The stock has a market capitalization of $147.68 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.39 and a beta of 0.58. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 0.74.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $15.48 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.