Ritholtz Wealth Management Buys 9,906 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Ritholtz Wealth Management raised its holdings in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) by 76.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,890 shares of the consumer goods maker's stock after buying an additional 9,906 shares during the quarter. Ritholtz Wealth Management's holdings in Anheuser-Busch InBev SA/NV were worth $1,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Anheuser-Busch InBev SA/NV by 225.0% in the second quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker's stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker's stock valued at $32,000 after acquiring an additional 185 shares during the period. Addison Advisors LLC increased its stake in Anheuser-Busch InBev SA/NV by 39.7% in the second quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker's stock valued at $34,000 after acquiring an additional 168 shares during the period. Hantz Financial Services Inc. acquired a new position in Anheuser-Busch InBev SA/NV in the second quarter worth about $35,000. Finally, Mather Group LLC. lifted its stake in Anheuser-Busch InBev SA/NV by 96.6% during the third quarter. Mather Group LLC. now owns 643 shares of the consumer goods maker's stock worth $43,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 5.53% of the company's stock.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $0.57 during midday trading on Monday, reaching $65.42. The company had a trading volume of 1,462,803 shares, compared to its average volume of 1,621,022. The stock has a fifty day simple moving average of $62.95 and a 200 day simple moving average of $61.70. Anheuser-Busch InBev SA/NV has a 1-year low of $52.36 and a 1-year high of $67.49. 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 $117.57 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BUD. TD Cowen cut Anheuser-Busch InBev SA/NV from a "buy" rating to a "hold" rating and increased their target price for the stock from $68.00 to $88.00 in a report on Tuesday, October 8th. Barclays raised Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Wednesday, October 9th. Evercore ISI raised shares of Anheuser-Busch InBev SA/NV to a "strong-buy" rating in a report on Monday, September 30th. Morgan Stanley lifted their price target on shares of 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. Finally, Citigroup raised shares of Anheuser-Busch InBev SA/NV from a "neutral" rating to a "buy" rating in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of "Moderate Buy" and a consensus price target of $79.00.

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.