Keystone Financial Group Sells 1,550 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Keystone Financial Group trimmed its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 21.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,636 shares of the consumer goods maker’s stock after selling 1,550 shares during the period. Keystone Financial Group’s holdings in Anheuser-Busch InBev SA/NV were worth $282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BUD. Callan Capital LLC lifted its stake in shares of Anheuser-Busch InBev SA/NV by 2.2% during the fourth 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. Moors & Cabot Inc. lifted its position in Anheuser-Busch InBev SA/NV by 4.6% during the 4th quarter. Moors & Cabot Inc. now owns 5,329 shares of the consumer goods maker’s stock valued at $267,000 after purchasing an additional 234 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 25.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,298 shares of the consumer goods maker’s stock valued at $65,000 after purchasing an additional 265 shares during the last quarter. Anchor Investment Management LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 120.6% during the 3rd quarter. Anchor Investment Management LLC now owns 772 shares of the consumer goods maker’s stock worth $51,000 after buying an additional 422 shares during the period. Finally, Integrated Investment Consultants LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 28,993 shares of the consumer goods maker’s stock worth $1,452,000 after buying an additional 464 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BUD has been the subject of a number of analyst reports. Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, March 27th. TD Cowen cut their target price 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. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Finally, Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $66.00.

Anheuser-Busch InBev SA/NV Trading Up 1.4 %

NYSE:BUD opened at $63.40 on Tuesday. 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 business’s 50-day simple moving average is $59.09 and its 200-day simple moving average is $56.56. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The stock has a market capitalization of $113.94 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80.

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 for the quarter, beating the consensus estimate of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Sell-side analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

About Anheuser-Busch InBev SA/NV

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.