Congress Wealth Management LLC DE Raises Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Congress Wealth Management LLC DE boosted its holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 64.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,278 shares of the consumer goods maker’s stock after purchasing an additional 2,070 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Anheuser-Busch InBev SA/NV were worth $264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter valued at approximately $220,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 37.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker’s stock valued at $3,836,000 after acquiring an additional 15,837 shares in the last quarter. Cerity Partners LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 61.9% in the 3rd quarter. Cerity Partners LLC now owns 61,061 shares of the consumer goods maker’s stock worth $4,048,000 after purchasing an additional 23,348 shares during the last quarter. Bank of Montreal Can boosted its stake in Anheuser-Busch InBev SA/NV by 4.2% in the 3rd quarter. Bank of Montreal Can now owns 142,216 shares of the consumer goods maker’s stock worth $9,385,000 after purchasing an additional 5,681 shares in the last quarter. Finally, FMR LLC grew its position in Anheuser-Busch InBev SA/NV by 7.0% during the 3rd quarter. FMR LLC now owns 732,459 shares of the consumer goods maker’s stock valued at $48,555,000 after purchasing an additional 47,684 shares during the last quarter. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $62.01 on Friday. The firm has a market cap of $111.45 billion, a PE ratio of 19.14, a P/E/G ratio of 1.73 and a beta of 0.96. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $55.90 and a two-hundred day simple moving average of $56.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The company 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 return on equity of 15.29% and a net margin of 10.98%. On average, equities analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BUD. Argus upgraded shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, TD Cowen decreased their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $66.00.

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.