Creative Planning Has $4.44 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Creative Planning raised its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 28.8% in the third quarter, Holdings Channel reports. The institutional investor owned 67,037 shares of the consumer goods maker’s stock after buying an additional 14,996 shares during the quarter. Creative Planning’s holdings in Anheuser-Busch InBev SA/NV were worth $4,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Addison Advisors LLC lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 39.7% during the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after buying an additional 168 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 15.1% in the second quarter. Westside Investment Management Inc. now owns 1,381 shares of the consumer goods maker’s stock valued at $80,000 after purchasing an additional 181 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of 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 purchasing an additional 185 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 1.8% in the first quarter. Lake Street Advisors Group LLC now owns 10,268 shares of the consumer goods maker’s stock valued at $624,000 after purchasing an additional 186 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Anheuser-Busch InBev SA/NV by 20.6% in the second quarter. GAMMA Investing LLC now owns 1,151 shares of the consumer goods maker’s stock valued at $67,000 after purchasing an additional 197 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. Morgan Stanley upped their price target on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and upped their price target for the company from $68.00 to $88.00 in a research report on Tuesday, October 8th. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD stock opened at $64.61 on Friday. The stock’s fifty day moving average is $63.70 and its 200-day moving average is $61.96. The stock has a market capitalization of $116.12 billion, a PE ratio of 27.15, a PEG ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 52 week low of $52.74 and a 52 week high of $67.49. 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 (NYSE:BUD) last posted its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $15.33 billion for the quarter, compared to analysts’ expectations of $15.21 billion. Anheuser-Busch InBev SA/NV had a return on equity of 14.77% and a net margin of 9.89%. During the same quarter last year, the business earned $0.72 earnings per share. Equities research analysts expect that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current fiscal year.

Anheuser-Busch InBev SA/NV 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.