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

LPL Financial LLC grew its position in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,261 shares of the consumer goods maker's stock after purchasing an additional 39,483 shares during the quarter. LPL Financial LLC's holdings in Anheuser-Busch InBev SA/NV were worth $8,024,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $220,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Anheuser-Busch InBev SA/NV by 37.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,870 shares of the consumer goods maker's stock valued at $3,836,000 after acquiring an additional 15,837 shares during the period. FMR LLC grew its position in shares of Anheuser-Busch InBev SA/NV by 7.0% during the third quarter. FMR LLC now owns 732,459 shares of the consumer goods maker's stock worth $48,555,000 after acquiring an additional 47,684 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $290,000. Finally, Benjamin Edwards Inc. purchased a new stake in Anheuser-Busch InBev SA/NV in the 3rd quarter valued at $476,000. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of BUD traded down $0.41 during mid-day trading on Thursday, hitting $60.78. The company's stock had a trading volume of 4,045,536 shares, compared to its average volume of 1,843,950. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The firm has a market capitalization of $109.23 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.73 and a beta of 0.80. The firm has a 50-day simple moving average of $58.53 and a 200 day simple moving average of $56.65.

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Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The consumer goods maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%. Analysts predict that Anheuser-Busch InBev SA/NV will post 3.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of recent research reports. Berenberg Bank assumed coverage on shares of Anheuser-Busch InBev SA/NV in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Argus raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a research report on Thursday, March 27th. TD Cowen dropped their target price on 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. Finally, StockNews.com raised Anheuser-Busch InBev SA/NV from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. One 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 currently has an average rating of "Buy" and an average target price of $66.00.

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.