Anheuser-Busch InBev SA/NV (NYSE:BUD) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 67.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,482 shares of the consumer goods maker's stock after buying an additional 8,618 shares during the quarter. NewEdge Wealth LLC's holdings in Anheuser-Busch InBev SA/NV were worth $1,076,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services lifted its holdings in Anheuser-Busch InBev SA/NV by 51.3% during the 3rd quarter. First Personal Financial Services now owns 605 shares of the consumer goods maker's stock worth $40,000 after buying an additional 205 shares during the last quarter. Callan Capital LLC boosted its holdings in Anheuser-Busch InBev SA/NV by 2.2% in the fourth quarter. Callan Capital LLC now owns 10,607 shares of the consumer goods maker's stock valued at $531,000 after purchasing an additional 229 shares in the last quarter. Ironwood Investment Counsel LLC increased its stake in Anheuser-Busch InBev SA/NV by 0.4% in the third quarter. Ironwood Investment Counsel LLC now owns 87,515 shares of the consumer goods maker's stock valued at $5,801,000 after purchasing an additional 313 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Anheuser-Busch InBev SA/NV by 8.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,363 shares of the consumer goods maker's stock worth $289,000 after purchasing an additional 328 shares in the last quarter. Finally, Altman Advisors Inc. lifted its position in shares of Anheuser-Busch InBev SA/NV by 1.4% during the 3rd quarter. Altman Advisors Inc. now owns 27,691 shares of the consumer goods maker's stock worth $1,836,000 after buying an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 5.53% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BUD shares. TD Cowen cut 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 research 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $64.00.

Anheuser-Busch InBev SA/NV Price Performance

BUD traded up $0.07 during trading on Thursday, reaching $62.30. 950,127 shares of the stock were exchanged, compared to its average volume of 2,390,819. The company has a market capitalization of $111.96 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.73 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The business's 50 day moving average price is $51.20 and its two-hundred day moving average price is $56.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.51.

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

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.