Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,969 shares of the consumer goods maker’s stock after purchasing an additional 902 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BUD. GPS Wealth Strategies Group LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Addison Advisors LLC lifted its holdings in Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after acquiring an additional 168 shares during the period. Hantz Financial Services Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $35,000. Finally, Valley Wealth Managers Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Down 1.0 %

Shares of BUD opened at $63.94 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a one year low of $52.74 and a one year high of $67.49. The stock has a market capitalization of $114.91 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.77 and a beta of 1.10. The stock has a 50 day moving average price of $63.84 and a 200 day moving average price of $62.01.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. During the same period in the previous year, the business earned $0.72 earnings per share. Equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BUD shares. Barclays raised Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. Citigroup raised 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 note on Monday, September 30th. Morgan Stanley upped their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Finally, TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their target price for the stock from $68.00 to $88.00 in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $79.00.

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.