Blair William & Co. IL Trims Position in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Blair William & Co. IL reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 23.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,529 shares of the consumer goods maker’s stock after selling 1,379 shares during the quarter. Blair William & Co. IL’s holdings in Anheuser-Busch InBev SA/NV were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BUD. DAVENPORT & Co LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 36.8% in the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after buying an additional 555,362 shares during the period. Renaissance Technologies LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 672.3% in the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock worth $34,907,000 after buying an additional 522,575 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Anheuser-Busch InBev SA/NV in the 1st quarter worth $18,226,000. Raymond James & Associates raised its position in shares of Anheuser-Busch InBev SA/NV by 33.7% in the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after buying an additional 183,301 shares during the period. Finally, Seafarer Capital Partners LLC raised its position in Anheuser-Busch InBev SA/NV by 20.2% in the first quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock valued at $57,863,000 after purchasing an additional 160,000 shares during the period. 5.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BUD has been the topic of several research reports. UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Morgan Stanley raised their price objective on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

Anheuser-Busch InBev SA/NV Stock Up 0.7 %

Shares of Anheuser-Busch InBev SA/NV stock opened at $65.97 on Friday. The business has a 50-day moving average of $61.92 and a 200-day moving average of $61.35. 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 $118.56 billion, a PE ratio of 27.72, a P/E/G ratio of 1.77 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 1-year low of $51.66 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $15.33 billion during 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 firm earned $0.72 earnings per share. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.41 EPS for the current fiscal year.

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.