Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 6.6% during the second quarter, Holdings Channel.com reports. The fund owned 9,765 shares of the consumer goods maker’s stock after purchasing an additional 606 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Anheuser-Busch InBev SA/NV were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors boosted its holdings in Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Capital International Investors now owns 2,163,607 shares of the consumer goods maker’s stock valued at $131,504,000 after acquiring an additional 38,747 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 36.8% in the first quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock valued at $125,389,000 after acquiring an additional 555,362 shares during the last quarter. Seafarer Capital Partners LLC boosted its holdings 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 acquiring an additional 160,000 shares during the last quarter. Armistice Capital LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 19.5% in the second quarter. Armistice Capital LLC now owns 839,000 shares of the consumer goods maker’s stock valued at $48,788,000 after acquiring an additional 137,000 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Anheuser-Busch InBev SA/NV by 33.7% in the second quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock valued at $42,244,000 after acquiring an additional 183,301 shares during the last quarter. Institutional investors and hedge funds own 5.53% of the company’s stock.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of research analyst reports. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Evercore ISI raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Monday, September 30th. 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. Finally, UBS Group raised Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.25.

Anheuser-Busch InBev SA/NV Stock Up 0.2 %

Shares of NYSE BUD opened at $66.40 on Friday. Anheuser-Busch InBev SA/NV has a 1 year low of $51.66 and a 1 year high of $67.49. The firm has a market cap of $119.33 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The stock’s 50-day simple moving average is $62.58 and its 200-day simple moving average is $61.53.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. The business had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.21 billion. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share 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.