Bleakley Financial Group LLC Acquires 3,576 Shares of Anheuser-Busch InBev SA/NV $BUD

Bleakley Financial Group LLC grew its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,720 shares of the consumer goods maker’s stock after purchasing an additional 3,576 shares during the quarter. Bleakley Financial Group LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ABC Arbitrage SA bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $1,731,000. Sequoia Financial Advisors LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 224.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 25,254 shares of the consumer goods maker’s stock valued at $1,555,000 after purchasing an additional 17,476 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $310,000. Pinnacle Financial Partners Inc bought a new position in shares of Anheuser-Busch InBev SA/NV during the 1st quarter valued at $2,341,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Anheuser-Busch InBev SA/NV by 24.7% during the 1st quarter. Penserra Capital Management LLC now owns 2,553 shares of the consumer goods maker’s stock valued at $157,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Stock Performance

NYSE:BUD opened at $61.29 on Friday. The firm’s 50-day moving average is $60.44 and its 200-day moving average is $64.62. Anheuser-Busch InBev SA/NV has a 52-week low of $45.94 and a 52-week high of $72.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.48 and a current ratio of 0.64. The company has a market cap of $119.69 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.76 and a beta of 0.76.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a net margin of 12.16% and a return on equity of 16.21%. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was down 2.1% on a year-over-year basis. Equities research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BUD. Weiss Ratings reiterated a “hold (c-)” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday. Royal Bank Of Canada reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, October 10th. UBS Group reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, September 30th. Kepler Capital Markets downgraded shares of Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

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.