Lockerman Financial Group Inc. Purchases Shares of 3,200 Anheuser-Busch InBev SA/NV (NYSE:BUD)

Lockerman Financial Group Inc. purchased a new stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,200 shares of the consumer goods maker’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of Anheuser-Busch InBev SA/NV by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,386 shares of the consumer goods maker’s stock valued at $1,908,000 after acquiring an additional 354 shares during the last quarter. Perpetual Ltd lifted its position in shares of Anheuser-Busch InBev SA/NV by 13.7% during the 1st quarter. Perpetual Ltd now owns 127,155 shares of the consumer goods maker’s stock valued at $7,736,000 after acquiring an additional 15,364 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Anheuser-Busch InBev SA/NV in the first quarter valued at $4,046,000. Cetera Investment Advisers lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 287.8% in the first quarter. Cetera Investment Advisers now owns 65,183 shares of the consumer goods maker’s stock valued at $3,962,000 after purchasing an additional 48,376 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Anheuser-Busch InBev SA/NV by 57.0% in the second quarter. QRG Capital Management Inc. now owns 82,737 shares of the consumer goods maker’s stock valued at $4,811,000 after purchasing an additional 30,052 shares in the last quarter. 5.53% of the stock is owned by institutional investors.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.01 during midday trading on Tuesday, reaching $65.43. The company had a trading volume of 1,250,050 shares, compared to its average volume of 1,619,157. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. The company 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 stock has a fifty day simple moving average of $63.04 and a 200 day simple moving average of $61.74. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last released its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The firm had revenue of $15.33 billion during the quarter, compared to analyst estimates of $15.21 billion. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. 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 report on Tuesday, September 10th. Barclays upgraded Anheuser-Busch InBev SA/NV to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen lowered 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 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. Finally, Citigroup upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Anheuser-Busch InBev SA/NV presently has an average rating of “Moderate Buy” and an average target price of $79.00.

Anheuser-Busch InBev SA/NV Company 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.