Culbertson A N & Co. Inc. Purchases New Position in Anheuser-Busch InBev SA/NV $BUD

Culbertson A N & Co. Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,865 shares of the consumer goods maker’s stock, valued at approximately $798,000.

Several other institutional investors also recently bought and sold shares of the business. Archer Investment Corp bought a new position in Anheuser-Busch InBev SA/NV in the second quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Anheuser-Busch InBev SA/NV during the first quarter worth $32,000. First Horizon Corp lifted its holdings in Anheuser-Busch InBev SA/NV by 84.6% during the first quarter. First Horizon Corp now owns 502 shares of the consumer goods maker’s stock worth $35,000 after buying an additional 230 shares during the period. Western Wealth Management LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 1st quarter valued at $36,000. Finally, Continuum Advisory LLC bought a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter valued at $39,000. 5.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BUD shares. Sanford C. Bernstein reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. TD Cowen reduced their target price on shares of Anheuser-Busch InBev SA/NV from $89.00 to $85.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Finally, Wells Fargo & Company reduced their target price on shares of Anheuser-Busch InBev SA/NV from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.83.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD opened at $85.52 on Friday. The company has a 50 day moving average of $78.53 and a two-hundred day moving average of $79.52. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 0.68. Anheuser-Busch InBev SA/NV has a twelve month low of $59.64 and a twelve month high of $86.60. The company has a market cap of $172.69 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.57.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last issued its quarterly earnings results on Wednesday, July 29th. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. Anheuser-Busch InBev SA/NV had a return on equity of 16.42% and a net margin of 14.90%. The business had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $16.23 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that Anheuser-Busch InBev SA/NV will post 4.39 earnings per share for the current fiscal year.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world’s largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck’s, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium’s Interbrew and Brazil’s AmBev in 2004.