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

Summit Financial LLC acquired a new stake in Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,606 shares of the consumer goods maker's stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BUD. Charles Schwab Investment Management Inc. raised its holdings 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 worth $3,836,000 after purchasing an additional 15,837 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Anheuser-Busch InBev SA/NV during the 4th quarter worth $28,540,000. B&D White Capital Company LLC purchased a new stake in Anheuser-Busch InBev SA/NV in the fourth quarter valued at $290,000. Blue Trust Inc. boosted its stake in 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 valued at $171,000 after acquiring an additional 464 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Anheuser-Busch InBev SA/NV during the fourth quarter worth about $37,311,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BUD. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Thursday, March 27th. TD Cowen decreased their price objective on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Berenberg Bank started coverage on shares of Anheuser-Busch InBev SA/NV in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV has a consensus rating of "Buy" and a consensus target price of $66.00.

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Anheuser-Busch InBev SA/NV Stock Performance

BUD traded up $0.79 during trading on Tuesday, hitting $60.06. The stock had a trading volume of 1,049,696 shares, compared to its average volume of 2,446,871. Anheuser-Busch InBev SA/NV has a twelve month low of $45.94 and a twelve month high of $67.49. The firm has a market capitalization of $107.95 billion, a P/E ratio of 18.52, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The company's 50-day moving average price is $57.45 and its 200 day moving average price is $56.67.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.07 billion. On average, equities research analysts forecast that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

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.