AlphaCore Capital LLC Increases Holdings in Anheuser-Busch InBev SA/NV $BUD

AlphaCore Capital LLC increased its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 277.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,417 shares of the consumer goods maker’s stock after buying an additional 10,595 shares during the quarter. AlphaCore Capital LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 494.7% during the third quarter. Salomon & Ludwin LLC now owns 446 shares of the consumer goods maker’s stock worth $27,000 after acquiring an additional 371 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the 2nd quarter valued at $28,000. Mather Group LLC. bought a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter valued at $34,000. Elevation Point Wealth Partners LLC purchased a new position in Anheuser-Busch InBev SA/NV in the 2nd quarter worth $35,000. Finally, NewSquare Capital LLC raised its position in Anheuser-Busch InBev SA/NV by 602.7% in the 2nd quarter. NewSquare Capital LLC now owns 527 shares of the consumer goods maker’s stock worth $36,000 after purchasing an additional 452 shares during the period. 5.53% of the stock is currently owned by institutional investors.

Anheuser-Busch InBev SA/NV Stock Up 1.9%

NYSE:BUD opened at $80.97 on Friday. The firm’s 50-day moving average price is $71.13 and its 200-day moving average price is $64.73. The company has a market capitalization of $157.93 billion, a PE ratio of 23.54, a P/E/G ratio of 1.35 and a beta of 0.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. Anheuser-Busch InBev SA/NV has a 1-year low of $56.97 and a 1-year high of $81.56.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Sanford C. Bernstein restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and a consensus price target of $81.00.

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.