Anheuser-Busch InBev SA/NV (NYSE:BUD) Stake Boosted by Elgethun Capital Management

Elgethun Capital Management raised its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 4.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 59,579 shares of the consumer goods maker’s stock after buying an additional 2,648 shares during the period. Elgethun Capital Management’s holdings in Anheuser-Busch InBev SA/NV were worth $3,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors grew its stake in Anheuser-Busch InBev SA/NV by 0.9% during the 4th quarter. Capital International Investors now owns 2,124,860 shares of the consumer goods maker’s stock valued at $137,447,000 after acquiring an additional 18,280 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Anheuser-Busch InBev SA/NV by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after buying an additional 354 shares during the period. Perpetual Ltd lifted its position in Anheuser-Busch InBev SA/NV by 13.7% in the 1st quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock worth $7,736,000 after buying an additional 15,364 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $4,046,000. Finally, Cetera Investment Advisers grew its holdings in shares of Anheuser-Busch InBev SA/NV by 287.8% during the 1st quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after acquiring an additional 48,376 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 1.6 %

Anheuser-Busch InBev SA/NV stock opened at $63.16 on Thursday. Anheuser-Busch InBev SA/NV has a one year low of $51.66 and a one year high of $67.49. The company’s fifty day moving average price is $61.79 and its two-hundred day moving average price is $61.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market capitalization of $113.51 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.77 and a beta of 1.09.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings data 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. The business had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same period last year, the business earned $0.72 EPS. On average, analysts forecast that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley increased their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Anheuser-Busch InBev SA/NV has an average rating of “Moderate Buy” and an average target price of $73.25.

Anheuser-Busch InBev SA/NV Company 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.