Lake Street Advisors Group LLC Lowers Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Lake Street Advisors Group LLC trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 18.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,933 shares of the consumer goods maker’s stock after selling 2,036 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BUD. B&D White Capital Company LLC purchased a new position in Anheuser-Busch InBev SA/NV in the fourth quarter valued at approximately $290,000. Callan Capital LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 2.2% in the 4th quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker’s stock valued at $531,000 after acquiring an additional 229 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 18.9% during the 4th quarter. Private Advisor Group LLC now owns 15,497 shares of the consumer goods maker’s stock valued at $776,000 after acquiring an additional 2,458 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth $28,540,000. Finally, Venturi Wealth Management LLC increased its holdings in Anheuser-Busch InBev SA/NV by 53.5% in the 4th quarter. Venturi Wealth Management LLC now owns 14,242 shares of the consumer goods maker’s stock valued at $713,000 after purchasing an additional 4,966 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Trading Up 1.4 %

BUD opened at $59.57 on Friday. The firm’s 50 day moving average is $50.35 and its 200-day moving average is $56.79. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $67.49. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $107.06 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.73 and a beta of 1.08.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 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.