Avantax Advisory Services Inc. Reduces Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)

Avantax Advisory Services Inc. lessened its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,394 shares of the consumer goods maker's stock after selling 8,007 shares during the period. Avantax Advisory Services Inc.'s holdings in Anheuser-Busch InBev SA/NV were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BUD. Legacy Investment Solutions LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter worth $27,000. R Squared Ltd bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $30,000. Whipplewood Advisors LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $36,000. Empowered Funds LLC bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $49,000. Finally, Brooklyn Investment Group bought a new position in shares of Anheuser-Busch InBev SA/NV in the 4th quarter worth $50,000. Institutional investors own 5.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on BUD shares. TD Cowen reduced their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $64.00.

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Anheuser-Busch InBev SA/NV Trading Down 0.4 %

Shares of BUD stock traded down $0.25 on Friday, hitting $62.80. 2,131,029 shares of the company's stock traded hands, compared to its average volume of 1,751,042. The stock has a market capitalization of $112.86 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.73 and a beta of 0.96. 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 fifty day simple moving average is $54.41 and its 200 day simple moving average is $56.90. Anheuser-Busch InBev SA/NV has a one year low of $45.94 and a one year high of $67.49.

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