Koss Olinger Consulting LLC Has $2.44 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Koss Olinger Consulting LLC reduced its position in Anheuser-Busch InBev SA/NV (NYSE:BUD) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,740 shares of the consumer goods maker’s stock after selling 777 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $2,435,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BUD. DAVENPORT & Co LLC increased its position in Anheuser-Busch InBev SA/NV by 36.8% in the 1st quarter. DAVENPORT & Co LLC now owns 2,062,543 shares of the consumer goods maker’s stock worth $125,389,000 after purchasing an additional 555,362 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 672.3% during the 2nd quarter. Renaissance Technologies LLC now owns 600,300 shares of the consumer goods maker’s stock worth $34,907,000 after acquiring an additional 522,575 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Anheuser-Busch InBev SA/NV during the 1st quarter worth about $18,226,000. Raymond James & Associates boosted its stake in shares of Anheuser-Busch InBev SA/NV by 33.7% during the 2nd quarter. Raymond James & Associates now owns 726,470 shares of the consumer goods maker’s stock worth $42,244,000 after acquiring an additional 183,301 shares in the last quarter. Finally, Seafarer Capital Partners LLC boosted its stake in shares of Anheuser-Busch InBev SA/NV by 20.2% during the 1st quarter. Seafarer Capital Partners LLC now owns 952,000 shares of the consumer goods maker’s stock worth $57,863,000 after acquiring an additional 160,000 shares in the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Up 0.9 %

Anheuser-Busch InBev SA/NV stock opened at $66.04 on Monday. The business has a 50 day moving average price of $63.43 and a two-hundred day moving average price of $61.87. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market cap of $118.69 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. Anheuser-Busch InBev SA/NV has a 12 month low of $52.36 and a 12 month high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm 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 quarter in the prior year, the firm posted $0.72 EPS. As a group, equities analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BUD shares. Evercore ISI upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Monday, September 30th. TD Cowen downgraded Anheuser-Busch InBev SA/NV from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $88.00 in a research note on Tuesday, October 8th. Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley increased their target price on Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Three 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

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.