Envestnet Asset Management Inc. increased its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,844 shares of the consumer goods maker's stock after purchasing an additional 24,077 shares during the period. Envestnet Asset Management Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $17,588,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Schroder Investment Management Group bought a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter worth $30,000. Creative Financial Designs Inc. ADV boosted its holdings in Anheuser-Busch InBev SA/NV by 36.0% during the first quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the consumer goods maker's stock valued at $44,000 after acquiring an additional 196 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $60,000. Pflug Koory LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 58.7% during the first quarter. Pflug Koory LLC now owns 1,076 shares of the consumer goods maker's stock valued at $65,000 after acquiring an additional 398 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 20.6% during the first quarter. JFS Wealth Advisors LLC now owns 1,240 shares of the consumer goods maker's stock valued at $74,000 after acquiring an additional 212 shares during the period.
Get Anheuser-Busch InBev SA/NV alerts:Analysts Set New Price Targets
BUD has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their price target on shares of Anheuser-Busch InBev SA/NV to $67.60 in a report on Friday, May 27th. StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Anheuser-Busch InBev SA/NV from €55.00 ($56.70) to €50.00 ($51.55) in a report on Tuesday, July 5th. Credit Suisse Group reduced their target price on shares of Anheuser-Busch InBev SA/NV from €59.00 ($60.82) to €58.00 ($59.79) in a research note on Friday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Anheuser-Busch InBev SA/NV from €74.00 ($76.29) to €73.00 ($75.26) and set a "buy" rating for the company in a research note on Tuesday, July 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of "Hold" and a consensus price target of $65.16.
Anheuser-Busch InBev SA/NV Stock Performance
NYSE:BUD opened at $53.19 on Thursday. The firm has a market capitalization of $105.32 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The firm has a 50-day moving average price of $54.21 and a 200 day moving average price of $57.84. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.99. Anheuser-Busch InBev SA/NV has a 12-month low of $50.59 and a 12-month high of $67.91.Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The consumer goods maker reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $13.24 billion during the quarter, compared to analyst estimates of $13.20 billion. Anheuser-Busch InBev SA/NV had a net margin of 6.91% and a return on equity of 10.47%. The company's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.03 earnings per share for the current fiscal year.
About Anheuser-Busch InBev SA/NV
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Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. 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.
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