Summit Financial LLC Makes New Investment in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Summit Financial LLC acquired a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 8,606 shares of the consumer goods maker’s stock, valued at approximately $431,000.

Several other hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in 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. Alberta Investment Management Corp bought a new position in shares of Anheuser-Busch InBev SA/NV during the 4th quarter valued at about $28,540,000. B&D White Capital Company LLC purchased a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter valued at about $290,000. Blue Trust Inc. increased its holdings in shares of Anheuser-Busch InBev SA/NV by 15.8% in the fourth quarter. Blue Trust Inc. now owns 3,409 shares of the consumer goods maker’s stock worth $171,000 after purchasing an additional 464 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the fourth quarter worth about $37,311,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 1.4 %

Shares of BUD opened at $62.96 on Friday. The company’s fifty day simple moving average is $57.02 and its 200-day simple moving average is $56.83. The company has a market cap of $113.15 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.73 and a beta of 0.96. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. As a group, analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Berenberg Bank initiated coverage on Anheuser-Busch InBev SA/NV in a report on Wednesday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Argus raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Thursday, March 27th. StockNews.com raised shares of Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TD Cowen decreased their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.