Wealth Enhancement Advisory Services LLC Grows Holdings in Anheuser-Busch InBev SA/NV $BUD

Wealth Enhancement Advisory Services LLC boosted its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 64.0% in the fourth quarter, HoldingsChannel reports. The firm owned 46,416 shares of the consumer goods maker’s stock after buying an additional 18,107 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $2,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seafarer Capital Partners LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 1.5% in the 3rd quarter. Seafarer Capital Partners LLC now owns 1,034,000 shares of the consumer goods maker’s stock worth $61,637,000 after buying an additional 15,000 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the third quarter valued at approximately $2,086,000. Atlantic Union Bankshares Corp lifted its holdings in Anheuser-Busch InBev SA/NV by 33,184.8% during the third quarter. Atlantic Union Bankshares Corp now owns 15,311 shares of the consumer goods maker’s stock worth $913,000 after acquiring an additional 15,265 shares during the period. Caprock Group LLC bought a new stake in Anheuser-Busch InBev SA/NV during the third quarter worth $818,000. Finally, Aquatic Capital Management LLC purchased a new position in Anheuser-Busch InBev SA/NV in the third quarter worth $5,355,000. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Trading Up 2.0%

Shares of Anheuser-Busch InBev SA/NV stock opened at $70.75 on Thursday. The company has a 50 day simple moving average of $73.84 and a two-hundred day simple moving average of $66.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.57. The firm has a market cap of $138.00 billion, a PE ratio of 20.57, a PEG ratio of 1.17 and a beta of 0.58. Anheuser-Busch InBev SA/NV has a 1 year low of $56.97 and a 1 year high of $81.56.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its quarterly earnings results on Thursday, February 12th. The consumer goods maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 15.67% and a net margin of 11.53%.The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $15.48 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BUD has been the subject of several research analyst reports. Barclays reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday, February 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Friday, February 6th. UBS Group restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, February 26th. Royal Bank Of Canada restated a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, February 12th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV (NYSE: BUD) is a multinational brewing company headquartered in Leuven, Belgium. It is one of the world’s largest brewers and is primarily engaged in the production, distribution and marketing of beer and related beverages. The company’s operations span brewing, packaging, logistics and retail/customer sales support, serving a broad set of channels from on-premise hospitality to retail and e-commerce.

AB InBev’s portfolio includes a mix of global, regional and local beer brands across mainstream, premium, craft and non-alcoholic categories.