626 Financial LLC Cuts Stake in Anheuser-Busch InBev SA/NV (NYSE:BUD)

626 Financial LLC cut its stake in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,696 shares of the consumer goods maker’s stock after selling 210 shares during the quarter. 626 Financial LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC lifted its position 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 acquiring an additional 185 shares in the last quarter. Blue Trust Inc. lifted its holdings in Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Addison Advisors LLC boosted its stake in Anheuser-Busch InBev SA/NV by 39.7% during the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV during the second quarter worth $35,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Anheuser-Busch InBev SA/NV in the second quarter valued at about $38,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Stock Up 0.0 %

NYSE:BUD opened at $65.43 on Wednesday. Anheuser-Busch InBev SA/NV has a 52 week low of $52.36 and a 52 week high of $67.49. The stock’s fifty day moving average is $63.14 and its two-hundred day moving average is $61.77. The stock has a market capitalization of $117.59 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $15.33 billion during 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 period last year, the business posted $0.72 EPS. Research analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.